Binance hackers deploy never-seen-before laundering tactics to conceal $6.3 billion theft
Summary
Investigators say hackers behind Binance’s $6.3 billion breach are rapidly laundering stolen assets through automated, repetitive transactions across thousands of wallets. Elliptic reported that about $786 million in stablecoins was converted into ETH and TRX before freezes took effect, often at steep losses. The attackers swapped hundreds of millions of USDT through decentralized exchanges and converted other stolen tokens into ETH, moving funds into assets that issuers cannot directly freeze. On Tron, wallets repeatedly received exactly 1 TRX before forwarding funds. Meanwhile, 18,270 BTC was split among 19 addresses; none had reached an identified exchange or service as of Oct. 30.
