A post by @WuBlockchain on X.
Onchain Lens: $891M Potentially Moved or Laundered Following $6.34B Binance Hack
@WuBlockchain on X
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Onchain Lens estimates that roughly $891 million of the assets stolen in the $6.34 billion Binance hack may have since been moved or laundered, according to a Wu Blockchain report citing the onchain analytics firm. The disclosure revives scrutiny of one of the largest exploits in crypto history, with the traced funds representing about 14% of the total haul. The finding matters because large-scale movements of stolen tokens can pressure prices if recipients sell, and because continued tracing supports recovery efforts and exchange compliance checks. Traders and analysts will watch for further wallet transfers, any conversions into stablecoins or major tokens such as BTC and ETH, and whether exchanges flag or freeze the funds as they pass through.
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Named in this story
Binance, Onchain Lens, Wu Blockchain