Binance exploit hackers swapped tokens for $124M in BTC, Elliptic says
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
Elliptic reported that hackers from the Binance exploit exchanged stolen tokens for $124 million in bitcoin, while $2.85 billion remains frozen and Binance plans more withdrawal reopenings.
Hackers involved in the Binance exploit converted stolen tokens into $124 million in Bitcoin (BTC), according to an analysis by Elliptic reported by The Block. The analytics firm stated that only a small portion of the stolen cryptocurrency has been cashed out, with $2.85 billion in compromised assets currently remaining frozen. Following the incident, Binance is planning further reopenings of withdrawals.
Key facts
- $124M swapped for BTC
- $2.85B in stolen assets frozen
- Small portion cashed out
- Withdrawal reopenings planned
Read the original at The Block