Binance Hackers Reportedly Swapping Stolen Solana Tokens for Bitcoin, Says Chainalysis
(3 hours ago) · 1 source · Summarized by CryptoBipto
Blockchain analytics firm Chainalysis has reported that hackers linked to a Binance breach have begun converting stolen Solana-based tokens into Bitcoin. This marks what the firm describes as a new phase in the laundering of the stolen funds. The activity suggests the attackers are attempting to obscure the trail of the stolen assets by moving them across different blockchains.
WHY IT MATTERS
When hackers steal cryptocurrency, they often try to move the stolen funds through different cryptocurrencies and blockchains to make it harder for investigators to follow the money.
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SOURCES
- cointelegraph.com
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