Chainalysis Says Binance Exploiters Used Tron DeFi to Evade Freezes

Chainalysis said exploiters behind the $6.4 billion Binance theft are moving funds through Tron-based DeFi protocols to keep stablecoins from being frozen by their issuers. The process described starts with swapping TRX for stablecoins on Tron, then depositing those tokens into decentralized finance, or DeFi, protocols. Chainalysis said the exploiters are using this route to evade freezes imposed by centralized stablecoin issuers. The firm is tracking the activity in real time. Tron is a blockchain platform for decentralized applications and smart contracts, and it supports tokens and DeFi projects.