Binance Hacker Reportedly Splits $1.4 Billion in Bitcoin Across 19 Wallets
(2 hours ago) · 1 source · Summarized by CryptoBipto
A hacker linked to a Binance breach has reportedly distributed approximately $1.4 billion worth of bitcoin across 19 separate wallets. The report indicates these wallets cannot be frozen due to the decentralized nature of the Bitcoin network. The movement of funds suggests the hacker is attempting to make the stolen assets harder to track or recover.
WHY IT MATTERS
This story highlights a fundamental characteristic of Bitcoin: once someone controls the private keys to a wallet, no company, bank, or government can freeze or reverse those funds.
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SOURCES
- coindesk.com
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