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Altcoins & DeFi

120 million TRX from the Binance hack moves to an unknown wallet

Image: Crypto Briefing

Funds tied to the record October 29 breach are on the move again, and TRX is proving much harder to claw back than stablecoins A wallet holding stolen funds from the Binance hack has moved 120 million TRX to an unknown address, according to on-chain tracker Whale Alert. By October 30, blockchain forensic firms had flagged specific Tron addresses controlled by the attackers, each holding exactly 120 million TRX. Another wallet in the same cluster reportedly held about 158.2 million TRX. Smaller transfers kept trickling out of other addresses linked to the group after the attack. Investigators describe those smaller movements as consistent with peel-chain transfers. Each slice is small enough to look unremarkable. Together, they make the original sum harder to follow and easier to cash out in pieces.

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