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Funds stolen from Binance linked to huge revenue spikes at DeFi platforms THORChain and Relay

Market News
03 Nov 2026, 04:48 WIB
Tokenpost
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Bearish
Funds stolen from Binance linked to huge revenue spikes at DeFi platforms THORChain and Relay

Blockchain investigator Dethective traced some stolen funds from Binance to sharp daily revenue increases at decentralized finance platforms, especially THORChain and Relay. THORChain's daily revenue surged 2,229% and Relay's rose 1,954% compared to typical October levels. The stolen funds moved through DeFi services and cross-chain bridges, while large Ether and Bitcoin holdings related to the theft remained mostly inactive. This suggests the stolen assets are being laundered or cycled through DeFi to obscure their origin.

The Binance theft and its link to THORChain revenue gains provide context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 03, 2026 09:02 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell. Notable movers include XLM at Rp2.933 with a 1-day change of -4.31% and Pluang order activity showing 99% Sell, ALGO at Rp1.650 down 4.18% with 87% Sell activity, and SAND at Rp806 down 4.08% with a balanced 48% Sell / 52% Buy split.

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