TREE NEWS update: Hackers behind the $6.3 billion Binance theft have begun converting stolen Solana tokens into Bitcoin, Chainalysis said. Crypto exchange Gate said it froze two linked accounts as US investigators urged platforms to block transactions tied to the theft. The movement of funds marks a new phase in the laundering of the proceeds from the record heist.
Binance Hackers Begin Swapping Stolen Solana Tokens for Bitcoin: Chainalysis
Related Coin Charts
AI take
The shift from Solana tokens into Bitcoin signals that the launderers are moving past the initial holding phase and into asset conversion, a step that typically widens the trail across chains and jurisdictions. Gate's freeze shows exchanges are now active chokepoints, but two accounts is a narrow response against a record haul, and the pressure from US investigators makes platform compliance the real variable. Whether other venues follow Gate's lead, and how quickly converted Bitcoin is layered further, is the open question worth watching.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
1h ago
Russian cloud provider Beget hit by cyberattack, disrupting access to nearly 500,000 sites
1h ago
ECB’s Escriva: Lagarde Has Good Reason to Step Down Early
1h ago
tZERO Signs $350 Million SPAC Deal With FG Imperii
2h ago
Bitmine Buys 8,573 ETH as Holdings Slip to $14.5B
2h ago
Hackers Raise European Supermarket Freezer Temperatures to 50C
2h ago
Crypto Treasury Stocks: mNAV and Dilution Drive Per-Share Value