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Elliptic Reports $3.1 Billion in Stolen Binance Crypto Remains Unlaundered
(2 hours ago) · 1 source · Summarized by CryptoBipto
Blockchain analytics firm Elliptic has reported that approximately $3.1 billion in cryptocurrency stolen from Binance has not yet been laundered. The funds reportedly remain traceable on the blockchain, according to the firm's analysis.
WHY IT MATTERS
When cryptocurrency is stolen from an exchange, the thieves typically try to 'launder' it — meaning they try to disguise where the money came from so they can spend it without being caught.
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SOURCES
- decrypt.co
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BNBExchange SecurityBlockchain AnalyticsCrypto TheftMoney Laundering