TRON Emerged as Early Channel for Binance Hack Proceeds, Elliptic Reports
A new investigation reveals TRON's role in laundering funds from the Binance hack and their subsequent movement across multiple blockchains.
A new investigation reveals TRON's role in laundering funds from the Binance hack and their subsequent movement across multiple blockchains. Bitcoin (BTC) is trading at ₹73,20,413 ($77,115.00), up 0.6% since this brief published. This is an original Token Times brief based on reporting by AMBCrypto, with live market data added, as of Tue, 03 Nov 2026 01:15:01 UTC.
The findings highlight vulnerabilities in the crypto ecosystem's anti-money laundering defenses and demonstrate how hackers exploit multiple blockchains to obscure illicit transactions. This incident underscores the need for better cross-chain transaction monitoring and regulatory compliance.
- TRON was used to launder Binance hack proceeds, per Elliptic investigation.
- Funds were subsequently spread across Ethereum, Bitcoin, and other networks.
- Some platforms processing the transactions saw revenue spike by over 2,200%.
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- TRON Emerged as Early Channel for Binance Hack Proceeds, Elliptic Reports — this brief
A recent investigation by blockchain analytics firm Elliptic has uncovered 
TRON's role in the laundering of funds stolen from Binance in a major hack. The findings, corroborated by multiple outlets, reveal that the Tron network was exploited as an early channel for moving the illicit proceeds.
The investigation tracked the movement of the stolen funds as they were subsequently distributed across other major blockchains, including 
Ethereum and 
Bitcoin. This cross-chain laundering strategy demonstrates the sophistication of the operation and the challenges in tracing such transactions across different networks.
According to CryptoPotato, the laundering process had a significant impact on some of the platforms involved, with daily revenue surging by as much as 2,229%. This spike highlights the financial incentives for platforms to facilitate such transactions, even inadvertently.
The investigation's findings are set against the backdrop of a broader crypto market that has been experiencing a downturn, with the total market cap currently at $2.64 trillion. Bitcoin and Ethereum, the two largest cryptocurrencies, have seen 24-hour declines of 1.51% and 0.61% respectively, while TRON has managed a modest 1.94% gain in the same period.
The incident underscores the need for improved anti-money laundering measures and cross-chain transaction monitoring in the crypto space. As hackers continue to exploit the decentralized nature of blockchain networks, regulators and industry players will need to collaborate more closely to address these vulnerabilities.
Since this brief published about 3 hours ago, Bitcoin (BTC) has moved from ₹72,78,929.36$76,678.00 to ₹73,20,413.13$77,115.00 — +0.57%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹7.96M (about $77,115.00), down 1.6% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
TRON Emerged as Early Channel for Binance Hack Proceeds, Ell — questions & answers
What role did TRON play in the Binance hack?
TRON was used as an early channel for laundering funds stolen from Binance, according to Elliptic's investigation.
How were the stolen funds distributed?
The funds were spread across Ethereum, Bitcoin, and other blockchain networks after being laundered through TRON.
What impact did the laundering have on platforms?
Some platforms saw their daily revenue increase by up to 2,229% during the laundering process.
How much is 1 Bitcoin worth in rupee today?
About ₹7.96M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,115.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.57% since this brief first published — trading at ₹73,20,413 ($77,115.00) now versus ₹72,78,929 ($76,678.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from AMBCrypto. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.