Binance Hacker Begins Depositing Stolen Assets Into Mixer, Moves About $800,000 in Solana
Summary
- A wallet linked to the Binance hack transferred about $800,000 worth of Solana (SOL) to an on-chain privacy protocol.
- One of the hacker-linked wallets moved about 8,567 SOL to Privacy Cash, and the assets were worth about $798,000 at the time of the transfer.
- Similar transaction patterns were also detected across several decentralized wallet addresses, including transfers split into small asset amounts or deposits into a mixer.
Forecast Trend Report by Period
A wallet linked to the Binance hack moved about $800,000 worth of Solana to an on-chain privacy protocol, blockchain data showed. The transfer was viewed as an attempt to launder the stolen assets and make them harder to trace.
Onchain Lens, an on-chain analytics firm, said on Nov. 3 that one wallet tied to the Binance hacker transferred about 8,567 SOL to Privacy Cash. The tokens were worth about $798,000 at the time of the transfer.
Privacy Cash is an on-chain privacy protocol that makes transaction records and fund flows harder to trace. Onchain Lens said the hacker appears to have begun using the service to obstruct tracking of the stolen assets.
Similar transaction patterns were also detected across several decentralized wallet addresses, including small amounts split into multiple transfers or deposited into mixers.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.