Binance Theft Wallet Uses Privacy Cash for $798K SOL Transfers

A wallet linked to the Binance hacker deposited 8,567 $SOL into Privacy Cash, Onchain Lens reported on November 3. The monitoring account valued the transfers at about $798,000 and said other addresses showed similar activity.

Stolen Binance Assets Move Across Blockchains

Elliptic reported that about 87,000 $SOL had left the original Binance theft wallet by 08:40 UTC on November 3. It valued those funds at $8 million. Transfers passed through new wallets, lending vaults, and a liquid-staking service before sales or Bitcoin conversions.

The firm also traced around 28 BTC from the Binance theft through 18 CoinJoin transactions. These occurred between November 1 and early November 2.

Its November 3 assessment placed roughly $3.18 billion in theft-linked addresses, mainly in Ethereum and Bitcoin. Another $2.85 billion had been frozen or seized. It estimated that only a negligible amount had likely been cashed out.

Binance Replenishment Reaches 98%

Binance co-CEO Richard Teng told CNBC that 98% of assets affected by the $6.34 billion breach had been replenished. He said purchases continued for less liquid tokens.

Teng also announced completion of the latest proof of reserves. The replenishment figure concerns replacement purchases and does not establish recovery of the stolen cryptocurrency.

Binance’s preliminary investigation describes fake job interviews, malicious developer software, and misuse of an internal AI tool. Those entry points gave attackers access to systems authorizing wallet transactions.