[Wu Blockchain News] Elliptic: Binance Hacker Uses CoinJoin for First Time as 44% of Stolen Funds Are...
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Elliptic reported that the laundering of roughly $6.43 billion stolen from Binance has spanned 11 blockchains, around 12,000 wallets and more than 40,000 transactions. About $2.85 billion, or 44% of the funds, has been frozen or seized, while roughly $3.24 billion remains in linked addresses. Tron served as a major route, with funds spread across about 7,700 addresses. The attacker has begun using CoinJoin for the first time, and about $16 million was sent to addresses linked to the earlier Bitget hack. The findings matter as a test of cross-chain tracing and seizure coordination at unprecedented scale. What to watch next is whether recovery of the remaining $3.24 billion accelerates and whether CoinJoin use complicates attribution.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Binance, Elliptic, Tron (TRX), Bitget
A linked name opens that asset's sentiment page.