$3.1B in Stolen Binance Crypto Still Unlaundered, Elliptic Says

The traceability here is the story: a haul spread across thousands of wallets on 16 chains is not the same as a haul that has disappeared, and Elliptic's point is that most of it has not been laundered. That matters for exchanges, analytics firms and anyone screening inflows, because the exposure sits in dormant addresses rather than in the market. The open question is whether the unmoved balance stays parked or begins to fragment into smaller, harder-to-follow flows.