124 million dollars of stolen Bitcoin from the Binance hack has just been moved. 📰
Pluang reports about 1,650 Bitcoin worth roughly 124 million dollars has been acquired by converting stolen assets from the Binance hack, nearly doubling the amount tracked the previous day, with about 50 million dollars of stolen XRP converted into Bitcoin via THORChain. ⚠️ That means the hackers are actively washing the funds through cross chain swaps right now, and every move like this adds sell pressure on the coins being converted and fear to the market around them. My reading is that this is a headline to watch, not a reason to panic sell, because 1,650 Bitcoin is small against daily volume of over 10 billion dollars, but it reminds everyone that hacked funds still overhang this market.
Does hacked money moving through THORChain worry you, or is it too small to matter? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
Pluang reports about 1,650 Bitcoin worth roughly 124 million dollars has been acquired by converting stolen assets from the Binance hack, nearly doubling the amount tracked the previous day, with about 50 million dollars of stolen XRP converted into Bitcoin via THORChain. ⚠️ That means the hackers are actively washing the funds through cross chain swaps right now, and every move like this adds sell pressure on the coins being converted and fear to the market around them. My reading is that this is a headline to watch, not a reason to panic sell, because 1,650 Bitcoin is small against daily volume of over 10 billion dollars, but it reminds everyone that hacked funds still overhang this market.
Does hacked money moving through THORChain worry you, or is it too small to matter? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoNews
