Institutional entity lost ~$2.84M to DPRK-linked SquidSquad on BSC; attacker moved 1,111.2 ETH to Tornado Cash.

Security & Exploits · 2026-10-21

An unnamed institution lost approximately $2.84 million in a compromise on BNB Chain on October 8, with on-chain tracking linking the attack to the North Korea-linked group SquidSquad. The attacker moved 1,111.2 ETH through Tornado Cash on October 20, then bridged funds from Ethereum to Tron and routed the proceeds through Chinese OTC brokers within minutes, a pattern analysts assessed as an attempt to circumvent potential asset freezes by Tether.

Previously on Telem

Institutional entity loses $2.84M to DPRK-linked SquidSquad on BSC 2026-10-21
Drift Protocol exploiter moves $32M ETH to Tornado Cash 2026-10-20
Researchers outline techniques to deanonymize Tornado Cash Ethereum transactions 2026-10-14
Victim posts on-chain warning to suspected attacker, cites law enforcement referral 2026-10-11
Ledger breach hacker moves $1.07M ETH through Tornado Cash 2026-10-09