Summary
- The Binance security team froze about $7 million of the Bitcoin stolen in the hack.
- The hacker laundered the stolen funds into Monero (XMR), causing Monero's price to surge.
- This incident is notable as part of the 3,520 Bitcoins stolen were frozen.
According to The Block, a cryptocurrency-focused media outlet, on the 2nd (local time), it was reported that earlier this week, a specific address (starting with bc1qcr) was hacked for 3,520 Bitcoins (BTC, $330.7 million), and with the support of the Binance security team, approximately $7 million of the stolen funds were frozen.
At that time, the hacker laundered the stolen funds into Monero (XMR), causing the XMR price to surge.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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