Binance hackers begin swapping stolen Solana tokens for Bitcoin: Chainalysis
Hackers behind Binance’s $6.3 billion theft began converting stolen Solana into Bitcoin through Relay after moving funds out of Tron laundering wallets. Investigators estimated about $3.5 billion remained under attacker control after Tether and Circle froze roughly $3 billion. Binance said hot wallets were compromised, began restoring withdrawals, and pledged to cover losses. Gate froze two accounts linked to deposits totaling about $250,000, though it did not disclose the amount frozen. The FBI attributed the theft to North Korea’s TraderTraitor group and urged crypto services to block transactions tied to identified wallets. Chainalysis reported extensive, rapid transfers across wallets, while an investigator clarified that reported Tron transfer totals included repeated movements.
