Add as a preferred source on GoogleBinance Theft Trail Involves at Least 36 Services Across 16 Blockchains
As of Nov. 7, the trail involved more than 20,000 wallet addresses and about 65,000 transactions.
The trail of funds from the Binance theft involved at least 36 services across 16 blockchains as of Nov. 7, showing the scale of the effort to move the stolen assets.
More than 20,000 wallet addresses and about 65,000 transactions were involved. The funds were split and moved through cross-chain bridges, decentralized exchanges, lending protocols and mixing services.
About $2.85 billion in stolen assets had been frozen or seized by the Nov. 7 cutoff. Roughly $3.13 billion remained in addresses linked to the theft, mostly in Bitcoin (BTC) and Ether (ETH).
The trail also includes about $175 million in stolen assets converted into roughly 2,300 BTC. That conversion concerns a separate portion of the funds from the main BTC and ETH holdings, which had not moved as of Nov. 7.
All of the stolen Solana (SOL) had been moved or converted by that cutoff. Some XRP had also been swapped into BTC.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.