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$175M stolen altcoins converted into 2,300 BTC in massive Binance hack laundering operation

Market News
09 Nov 2026, 08:59 WIB
Tokenpost
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Bearish
$175M stolen altcoins converted into 2,300 BTC in massive Binance hack laundering operation

The hacker behind the Binance exchange breach converted about $175 million in stolen altcoins into approximately 2,300 Bitcoin (BTC). This laundering operation spanned 16 blockchains, involved over 20,000 wallets, and included at least 65,000 transactions, showing the complexity and scale of the theft. Although a small portion of BTC was mixed through Wasabi Wallet, the hacker's main Bitcoin and Ether holdings, totaling over 18,000 BTC, remain untouched. This ongoing trail highlights the challenges in tracking and recovering stolen crypto assets.

The Binance hacker's crypto activity is context for readers. For those tracking major cryptocurrencies, as of Nov 09, 2026 13:51 WIB, 6 of 50 major cryptos rose while 43 fell on Pluang. Notable movers include FIL at Rp13.633 (-3.95%), ADA at Rp3.131 (-3.81%), and LINK at Rp187.000 (-3.77%).

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