A forensic report from blockchain security firm Solido has traced 84% of the proceeds from a recent exploit to exchange infrastructure. The report, published this week, asks exchanges to cooperate in recovering the stolen funds.
What the numbers show
Solido's analysis followed the money from the exploit. The firm says 84% ended up on exchange platforms. That leaves 16% unaccounted for or still in other wallets. The report pinpoints the specific exchange infrastructure where the funds landed, though it does not name the exchanges publicly.
Eighty-four percent is a big number. It means the trail is not cold — the money is sitting in systems that exchanges control. That gives investigators a potential path to recovery, if the exchanges are willing to help.
Why exchange cooperation matters
Exchanges are often the last stop before stolen funds get laundered or cashed out. If they freeze the assets, victims have a chance. Solido's request is a standard step in such investigations, but the response from exchanges varies. Some have internal policies for handling requests; others require legal orders.
The report doesn't specify which exchanges are involved. That could be deliberate — to avoid tipping off bad actors, or to give exchanges a chance to act quietly.
What happens next
The ball is now in the exchanges' court. Whether they act on Solido's request will determine if any of the 84% can be clawed back. For now, the report is public, and the industry is watching.
