Lookonchain: The Binance hacker is swapping the stolen SOL for BTC.
Original headlineLookonchain：币安黑客正将被盗 SOL 兑换为 BTC
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On November 1, on-chain analytics firm Lookonchain reported that the hacker behind the Binance-related exploit has begun converting stolen SOL into BTC. The hacker controls approximately 970,522 SOL, worth roughly $95.9 million, and moved about 486,970 SOL—valued at around $46.4 million—in the past hour alone. The conversions are being routed through Relay, a cross-chain bridge, as the attacker swaps SOL for BTC. The activity matters because large-scale selling or bridging of stolen funds can pressure SOL's price and market sentiment, while the shift into BTC suggests the hacker is seeking deeper liquidity and harder-to-trace assets. Watch for the remaining ~483,552 SOL (roughly $49.5 million) to be moved or converted, and for exchanges and mixers that may receive the BTC proceeds.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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