Hackers Convert Stolen Altcoins into 2,300 Bitcoin After Binance Breach
Image: Bitcoin.com NewsHackers have converted about $175 million of stolen altcoins into roughly 2,300 Bitcoin, according to Elliptic. The operation used more than 20,000 wallets on 16 blockchains, involving at least 36 services and 65,000 transactions. About 88 Bitcoin, valued at $6.7 million, moved through Wasabi-style coinjoins. Binance says it closed the compromised signing service and has replenished most affected assets.
Key points
- The laundering involved over 20,000 wallets across 16 blockchains, 36 services and about 65,000 transactions.
- Binance closed the compromised internal wallet signing service and replenished most impacted assets.
Why it matters
The continued conversion and mixing of stolen funds complicates tracing and recovery, while Binance's asset replenishment helps protect user balances.
What's unclear
The ultimate destination of the newly converted Bitcoin remains unknown.
Price context · BTC
At publication
$75,736.00
Now
$75,772.00
Change since
+0.05%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
Binance Hack Update Reveals 2,300 BTC From Stolen Altcoin Swaps
Coverage timeline
- First reported by Bitcoin.com News
- Also reported by Blockonomi
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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