Binance Hacker Swapped About $175 Million in Stolen Altcoins for 2,300 BTC

The actor behind the Binance hack converted about $175 million in stolen altcoins into roughly 2,300 Bitcoin (BTC).

The scale of the trail is reflected in the number of networks involved and the high transaction count: movement touched 16 blockchains, passed through more than 20,000 wallets and involved at least 65,000 transactions. The tracked mixing route involved 88 BTC through Wasabi Wallet, a small portion of the roughly 2,300 BTC conversion. The hacker's main Bitcoin and Ether (ETH) holdings remain untouched.

A snapshot taken at 10 a.m. ET Nov. 7 showed 18,384.725 BTC in addresses tied to the hacker. That balance did not include the newly converted roughly 2,300 BTC, the snapshot showed.

The figures capture different parts of the fund trail: about $175 million in altcoins converted into roughly 2,300 BTC, and 18,384.725 BTC in linked addresses at 10 a.m. ET Nov. 7.