A hacker stole $27 million worth of tether (USDT) from a wallet linked to the Binance deployer over the weekend, according to blockchain analyst ZachXBT.

The $27 million loot was converted to ether (ETH) before being sent to exchanges FixedFloat and ChangeNow. All funds were then bridged to bitcoin (BTC) via the THORChain bridge.

According to on-chain data, the victim's wallet had received ether via two separate wallets from the Binance deployer in 2019.

A deployer wallet is a wallet used to create smart contracts.

THORChain has become an epicenter for hack-related activity over the course of the year – in June hackers that stole $35 million from Atomic Wallet used THORChain to conceal the ill-gotten gains, and last month THORSwap put its platform into maintenance mode after a series of FTX hack-related trades.

Exchanges are often the target of hackers. Last week Poloniex lost $114 million after a hack breached that exchange's hot wallets.

Binance did not immediately respond to CoinDesk's request for comment.

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