Binance hacker swaps $175M in stolen altcoins for ~2,300 BTC

The consolidation into bitcoin, rather than a rush to mixers or fiat off-ramps, is the telling detail: it suggests a preference for holding the most liquid, deepest-market asset while laundering proceeds through fragmentation — 16 chains and tens of thousands of wallets is a deliberate obfuscation strategy, not a liquidation. That scale of cross-chain movement also raises questions about how much of the trail remains traceable for exchanges and analytics firms watching the linked addresses. Whether the untouched BTC and ETH holdings eventually move, and whether Wasabi-routed funds draw fresh scrutiny to privacy tools, is the open question.