Binance Hacker Sells More Than 130 Altcoins, Raises About $279 Million
Summary
- The Binance hacker sold more than 130 altcoins on EVM-based blockchains, unloading assets worth about $279 million.
- The sales yielded 123,400 Ether (ETH) and 1.69 million USD Coin (USDC).
- Binance said it has covered about 95% of the hacked assets, which were worth about $6.3 billion, and said buying back some thinly traded tokens would take time.
Forecast Trend Report by Period
The attacker behind the Binance hack has sold more than 130 stolen altcoins.
On-chain analytics firm Lookonchain said Nov. 1 that the hacker sold more than 130 altcoins on Ethereum Virtual Machine-based blockchains, securing assets worth about $279 million.
The sales yielded 123,400 Ether and 1.69 million USD Coin. The assets converted into Ether are worth about $277.26 million.
The tally covers only transactions confirmed on EVM-based blockchains. The overall total could change if asset sales on other blockchains are included.
Binance was previously hit by a hack worth about $6.3 billion on Oct. 29. The Federal Bureau of Investigation identified North Korean hacking group TraderTraitor as being behind the attack.
Binance said it has covered about 95% of the stolen assets and is still securing the remainder. Buying back some thinly traded tokens is likely to take time.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.