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Elliptic Detects Bitcoin Mixing of Funds From Binance Hack
(2 hours ago) · 1 source · Summarized by CryptoBipto
Blockchain analytics firm Elliptic has identified the first instance of Bitcoin mixing involving proceeds from a Binance hack. The mixing activity suggests that whoever holds the stolen funds is attempting to obscure the trail of the cryptocurrency. Details about the specific hack and the amount being laundered have not been fully confirmed.
WHY IT MATTERS
When hackers steal cryptocurrency from an exchange, the stolen funds can often be tracked on the blockchain, which is a public ledger of all transactions.
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SOURCES
- thedefiant.io
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