TREE NEWS reports: An address linked to the suspected Bitget hack withdrew about $1.23 million from Binance and routed it back to a Bitget hacker-associated wallet, on-chain tracker Lookonchain said. Wallet “0x4885” first pulled 257.6 ETH (~$692,000) and 545,000 USDT from Binance, swapped all the USDT for 200.2 ETH, then moved its accumulated 457.9 ETH (~$1.23 million) to the Bitget hacker-linked wallet.
Bitget hacker-linked address moves $1.23M from Binance
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AI take
The notable detail is the direction of travel: funds moving from a major exchange back into a wallet already tied to the suspected exploit, rather than out toward mixers or fresh addresses. That pattern suggests consolidation or preparation rather than immediate laundering, and it implies the original attacker or a copycat retains access to exchange-linked liquidity. Whether Binance flags and freezes related flows, and whether the receiving wallet moves the ETH onward, is the open question worth watching.
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