Foresight News|Nov 01, 2026 01:44
[Specter: Binance Attackers Transferred Approximately $38 Million Through Relay Bridge]
According to Foresight News, on-chain analyst Specter monitored and reported that Binance attackers transferred approximately $38 million through the Relay bridge within seven hours, and the transfers were still ongoing at the time of the post. Although Relay claims to have deployed a KYT monitoring system, it failed to stop the transactions. Specter points out that it would be difficult for North Korean hackers to transfer such a large amount of funds through THORChain in the same amount of time, suggesting potential issues with Relay's compliance and risk management capabilities.
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