A post by @WuBlockchain on X.
Elliptic: Binance Hacker Uses CoinJoin for First Time as 44% of Stolen Funds Are Frozen
@WuBlockchain on X
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Binance hacker laundering traced across 11 blockchains, ~12,000 wallets, and 40,000+ transactions, with $2.85B (44%) of the ~$6.43B stolen frozen or seized and ~$3.24B still in linked addresses, per Elliptic. Tron served as a major route, with funds spread across ~7,700 addresses, and the attacker has begun using CoinJoin for the first time, a mixing technique that complicates tracing. About $16M was sent to addresses linked to the earlier Bitget hack. The scale of freezing suggests coordinated exchange/issuer action is constraining the attacker, but CoinJoin adoption signals escalating laundering sophistication. Watch for further freezes, shifts to harder-to-trace mixing, and any movement of the remaining ~$3.24B.
Muhabbit's AI wrote this summary of @WuBlockchain's post in its own words. It can get details wrong, so read the post on X.
Named in this story
Binance, Elliptic, CoinJoin, Tron (TRX), Bitget
A linked name opens that asset's sentiment page.