Binance hacker transfers $38 million via Relay cross-chain in 7 hours, KYT mechanism questioned

BlockBeats news, November 1st, according to Onchain Lens monitoring, North Korean hackers associated with the Binance attack incident transferred approximately $38 million in funds through the cross-chain protocol Relay within 7 hours, and the related transfers are still ongoing.

Although Relay claims to have deployed a KYT (Know Your Transaction) risk control system, the relevant funds were still successfully transferred across chains through the protocol. The account stated that the attackers were previously unable to transfer funds so quickly through THORChain, while Relay failed to promptly block the related transactions.

This fund movement was first discovered by @SpecterAnalyst. The relevant address is TNhpfKq83wufEKGjBhQFnT7jnxYmyBzH6F. The above claims currently come from on-chain monitoring accounts, and whether Relay has a risk control failure still requires further verification.

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Binance hacker transfers $38 million via Relay cross-chain in 7 hours, KYT mechanism questioned

VVV whale deposits another 100,000 tokens to Coinbase after 19 days, with potential unrealized profit reaching $11.78 million.

Binance hacker transfers $38 million via Relay cross-chain in 7 hours, KYT mechanism questioned

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