Arkham: Binance Hacker Deposits Approximately $4 Million into Binance's Recharge Address

Arkham Intelligence reports that the address behind the Binance hack has moved approximately $4 million in funds to three Binance deposit addresses as of November 2, according to on-chain monitoring. Arkham analysts believe the receiving addresses likely belong to nested services—third-party exchanges that use Binance for liquidity and custody. The transfers suggest the hacker may be attempting to offload stolen funds through intermediary platforms rather than directly cashing out, which could complicate tracing efforts. Market watchers should monitor whether additional hack-related funds flow into Binance and whether the exchange freezes or flags the linked deposit addresses.