Binance Hacker Continues Aggressive Bitcoin Buying Spree

The hacker behind the monumental Binance attack is still buying up more Bitcoin (BTC). As per the latest blockchain analytics data from Lookonchain dated Nov. 4, the hacker continues to exchange SOL for Bitcoin, moving the stolen assets across several crypto wallets. The blockchain tracker added that the hacker is using the following multi-step process to exchange the stolen crypto for Bitcoin. The hacker’s complicated scheme involves splitting his SOL assets among different wallets before selling the SOL for USDC, transferring the USDC from Solana to Ethereum, buying ETH using the USDC and finally exchanging the newly bought ETH for BTC using THORChain, a decentralized cross-chain liquidity protocol. This long and complicated cross-chain transaction process allows the hacker to easily transfer his funds between different blockchain networks.

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