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Hackers laundered $175M in stolen altcoins into 2,300 BTC after Binance breach.

Market News
07 Nov 2026, 19:39 WIB
Blockonomi
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Bearish
Hackers laundered $175M in stolen altcoins into 2,300 BTC after Binance breach.

Hackers behind the Binance October 29 breach converted $175 million in stolen altcoins into roughly 2,300 Bitcoin, according to blockchain analytics firm Elliptic. The laundering involved over 20,000 wallets across 16 blockchains, using at least 36 services and 65,000 transactions, including complex coinjoin mixes to obscure tracing. While the primary Bitcoin and Ether holdings remain dormant, the stolen assets were moved extensively through swaps and bridges, with significant amounts of SOL, XRP, and TRX converted. Binance has closed the exploited entry points, replenished most stolen assets, and attributed the hack to North Korea, with ongoing efforts to recover and freeze illicit funds.

The stolen altcoins converted into roughly 2,300 BTC highlight the ongoing risks in crypto security. On Pluang as of Nov 08, 2026 00:51 WIB, Solana (SOL) trades at Rp1.623.844 with a modest 0.10% gain, contrasting with Ripple (XRP) which fell 1.87% to Rp21.017. TRON (TRX) shows strength with a 2.15% rise to Rp5.838, reflecting varied investor responses to recent market events involving these assets.

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