TREE NEWS reports: About 2,300 BTC, worth roughly $175 million, tied to the Binance hack have been moved into new Bitcoin addresses as of 16:00 Beijing time on November 7, blockchain analytics firm Elliptic tracked. Some 44 million XRP ($51 million) was transferred the previous night, mostly swapped into bitcoin via THORChain, leaving about 148 million XRP ($173 million). Roughly 53 BTC ($4 million) entered Wasabi-style CoinJoin mixing, bringing cumulative mixing to about 88 BTC ($6.7 million), while the hacker’s main BTC and ETH holdings remain unmoved.
Elliptic: 2,300 BTC of Binance hack funds moved to new addresses
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AI take
The movement of hack-linked bitcoin into fresh addresses, combined with a THORChain swap from XRP into BTC, points to active consolidation and chain-hopping rather than a dormant stash. The CoinJoin activity is the more telling signal: mixing is slow and partial, suggesting deliberate laundering caution while core BTC and ETH holdings stay parked. For market watchers, the open question is whether these funds keep rotating through cross-chain routes and mixers, and whether exchange compliance teams flag the new addresses before any of it reaches a venue.
Generated by AI for reference only.
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