$6.3 Billion Stolen in Binance Hack Moved Through Thousands of Wallets, Multiple Blockchains
JH Kim
Summary
- Crypto assets worth $6.3 billion stolen in the Binance hack are being moved through thousands of wallets and multiple blockchains.
- According to blockchain analytics firm Chainalysis, funds tied to the hack are moving through thousands of wallet addresses and several blockchain networks.
- Chainalysis said some of the stolen funds had entered Chinese money-laundering networks, but it did not provide a specific amount or the share of the total.
Forecast Trend Report by Period
Crypto assets worth $6.3 billion stolen in the Binance hack are being moved through thousands of wallets and multiple blockchains, with some of the funds traced to Chinese money-laundering networks.
Chainalysis, a blockchain analytics firm, said Nov. 5 that funds tied to the hack are moving through thousands of wallet addresses and several blockchain networks.
The company also confirmed that some of the stolen funds had already entered Chinese money-laundering networks.
It did not disclose the specific amount that flowed into those networks or what share of the total stolen funds they represented.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.