Pangolin Intelligence founder Jonty disputed a Nov. 2 Arkham report alleging direct Binance deposits by hackers, explaining that transactions were executed by arbitrage traders utilizing THORChain Asgard vaults

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On October 31, 2026, the FBI asked THORChain node operators and decentralized finance services to block transactions linked to a roughly $6.3 billion Binance hack that occurred on October 29, 2026

THORChain node operators initiated an automatic network trading pause after the October 31, 2026 one-block Ethereum reorg refund bug caused an extra 10 Ether payout from THORChain's vault

Analyst SomaXBT estimated that transfers of funds stolen in the October 29, 2026 Binance hack included nearly $48 million through Relay, $44 million through THORChain, $32.1 million through Chainflip, and $16 million through Symbiosis

Analyst SomaXBT estimated that around $242 million of funds stolen in the October 29, 2026 Binance hack moved via the Tron blockchain in two days, including $140 million transferred through cross-chain services like Relay, THORChain, Chainflip, and Symbiosis

The deferred prosecution agreement between Block Inc. and the Department of Justice places the company under federal supervision for three years, during which any compliance failure could reactivate the criminal money laundering charge

THORChain technical co-founder Chad Barraford stated that reaching the two-thirds node supermajority consensus required to halt suspicious network routes linked to the $6.3 billion Binance hack takes days or weeks

The FBI attributed the October 29, 2026 Binance theft to TraderTraitor, a North Korean state-linked hacking operation, and identified 608 Ethereum, 19 Bitcoin, and one Solana address used by the attackers

Block Inc. reached an agreement in principle with the U.S. Department of Justice on a three-year deferred prosecution agreement resolving a money laundering charge tied to anti-money laundering compliance program deficiencies

Blockchain analytics firm Chainalysis reported that THORChain's network halt inadvertently delayed North Korean hackers attempting to launder funds stolen in a $6.3 billion Binance hack

Cc9f267dcClaimNews event

Binance co-CEO Richard Teng joined CNBC's 'Squawk on the Street' to discuss the recent crypto heist on Binance and said an independent expert will review everything the company has done

In April 2025, the New York Department of Financial Services issued a consent order against Block Inc. with a $40 million penalty for Bank Secrecy Act and anti-money laundering violations

The three-year deferred prosecution agreement between Block Inc. and the U.S. Department of Justice requires court approval to become final

Regulators, including the U.S. Department of Justice, specifically cited high-risk transactions involving digital assets like Bitcoin as a key area of weakness in Cash App's anti-money laundering controls

The total financial cost tied to Block Inc.'s three-year deferred prosecution agreement with the U.S. Department of Justice is expected to be about $964 million, with an expected net payment of approximately $764 million

The FBI omitted Tron blockchain addresses from its list of flagged wallets despite Tron being widely used to move funds stolen in the October 29, 2026 Binance hack

Pangolin Intelligence founder Jonty stated that on days of major hacks attributed to North Korea's TraderTraitor group, over 99% of THORChain volume was illicit laundering

Block Inc.'s cooperation with federal regulators throughout the Justice Department's anti-money laundering investigation contributed to prosecutors offering a deferred prosecution agreement rather than pursuing an immediate criminal conviction

Regulatory examinations of Cash App documented weak spots in transaction monitoring and customer due diligence under Bank Secrecy Act requirements

Cash App's compliance backlogs arose as rapid user growth between 2019 and 2020 outpaced the platform's transaction monitoring and customer due diligence capabilities

Block Inc. increased its anti-money laundering-related reserve from $526 million at the end of June 2026 to $764 million at the end of September 2026 to cover the expected Justice Department payment