
Binance hackers steal and move massive amount of Solana
Hackers who stole from Binance have moved 81% of the stolen Solana cryptocurrency, routing the funds through THORChain to obscure the trail. THORChain is a service that helps move crypto between different blockchains. This movement of stolen funds is a common tactic criminals use to hide where money goes. The hack represents a significant security breach at one of crypto's largest exchanges. Grayscale and other industry leaders say such incidents are temporary setbacks but concern remains about exchange security practices.
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This shows why storing large amounts of crypto on exchanges carries real risk. Hackers target exchanges because they hold huge sums in one place. Consider moving your crypto to a personal wallet for extra security, especially if you hold significant amounts.