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MistTrack Traces Binance Theft Funds to Address Linked to Phemex
(3 hours ago) · 1 source · Summarized by CryptoBipto
Blockchain analytics firm MistTrack has reportedly identified a connection between funds stolen from Binance and a cryptocurrency address associated with the Phemex exchange. The finding suggests that stolen assets may have been routed through or to an address with ties to Phemex.
WHY IT MATTERS
When cryptocurrency is stolen, investigators can often follow the trail of transactions on the blockchain, which is a public ledger that records every transfer.
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SOURCES
- thedefiant.io
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