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An independent record of the October 2026 Binance hack
This line is our short summary of the quote below. The quote is the evidence.
About $196 million has been sent out of the main Tron distribution wallet to around 200 wallets, and the wallet has been topped up in batches of about $40 million. The pace picked up overnight to between $7 million and $11 million an hour. For scale, $6.43 billion was stolen from Binance, and $2.85 billion of it has been verified frozen (from Elliptic’s main analysis).
From this source: The Binance hack is laundering on autopilot | Elliptic, with all of its statements.
The system corrects itself. When a bridge rejected deposits, the funds were re-sent to the same destination from new wallets, automatically.
The timing looks programmed. Transfers are almost never less than about 30 seconds apart, and the roughly 200 wallets it pays typically pass funds on within about two minutes.
On October 29, about $6.43 billion was stolen from Binance across 11 blockchains.
Swaps into THORChain use the same amounts again and again, with one value appearing 19 times.
The main Tron distribution wallet has sent funds every hour for 31 hours straight. The longest pause was 46 minutes, and there was no overnight break.