Binance hackers swap $124M of stolen altcoins into Bitcoin as withdrawals reopen

According to Elliptic’s report on November 6 , hackers responsible for stealing $6.43 billion worth of coins from Binance have swapped stolen altcoins in the amount of $124 million for Bitcoin. These transactions are being conducted simultaneously with Binance’s reopening of its withdrawal function to customers. Converting altcoins, not cashing out The altcoin swaps of the hackers yielded approximately 1,650 BTC. They are separate from the $1.48 billion that was stolen as a result of the attack on October 29. Thus far, around $50 million in XRP has been moved while $226 million is still in the wallets of the hackers. Almost all of the stolen Solana, worth around $87 million, has been exchanged for other cryptocurrencies, transferred across blockchains, or moved through transactions designed to hide its origins.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.