Wallet Linked to Binance Hack Moves $38.8 Million in ETH

A wallet linked to the Oct. 30 Binance hot-wallet hack moved $38.8 million in Ether (ETH) to a new address and still held about $1.12 billion in ETH. Tornado Cash may be a destination for the transferred funds.

The two figures describe a partial movement: $38.8 million went to a new address, while roughly $1.12 billion in ETH remained with the wallet tied to the hack. The completed transfer went to the new address; any move to Tornado Cash would be a separate possible step. The move shifts a portion of the reported ETH holdings while the much larger balance remains in place.

The transaction follows the Oct. 30 Binance hot-wallet incident. The reported activity centers on ETH, with a new address receiving $38.8 million and the wallet linked to the hack retaining about $1.12 billion. That leaves a wallet-to-wallet transfer as the completed move and a possible next stage for the funds.