Suspected Binance Hacker Moves $46.4 Million in Solana, Swaps It for Bitcoin
JH Kim
Summary
- A wallet identified as the hacker behind Binance reportedly moved about $46.4 million worth of Solana (SOL) over the past hour.
- The transferred Solana was reportedly being exchanged for Bitcoin (BTC) through Relay Protocol.
- The wallet's alleged link to stolen funds and the actual amount of completed Bitcoin swaps have not been independently verified.
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A wallet identified as belonging to the suspected Binance hacker moved about $46.4 million worth of Solana over the past hour. The funds were being exchanged for Bitcoin through Relay Protocol, according to reports.
Cointelegraph reported on November 1 that the wallet moved 486,970 Solana tokens in the past hour. The holdings were worth about $46.4 million at the time.
The transferred Solana was being routed through Relay Protocol, which is used for cross-chain transactions, and exchanged for Bitcoin.
However, the wallet's link to stolen funds and the actual amount of Bitcoin that was ultimately exchanged have not been independently verified.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.