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Elliptic Traces $124 Million in Bitcoin Swaps Linked to Binance Hack Funds
(2 hours ago) · 1 source · Summarized by CryptoBipto
Blockchain analytics firm Elliptic has traced approximately $124 million in Bitcoin swaps that it says are connected to funds stolen in a previous Binance hack. The traced transactions reportedly involved converting stolen assets into Bitcoin through various swap services.
WHY IT MATTERS
When hackers steal cryptocurrency from an exchange, the stolen funds do not simply disappear.
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SOURCES
- newsbtc.com
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BTCBlockchain AnalyticsExchange HacksCryptocurrency TracingBinance Security