$BTC $DOGE $ZEC
📢 New developments on both sides of the incident
✅ Binance’s response: He Yi disclosed that Binance bought an equivalent amount of the stolen altcoins through OTC and on-exchange purchases, completing its proof of reserves. The results will be shared once the purchases are complete.
▪️ Stolen altcoins: XRP / SOL / TRX
✅ Hacker activity: 7 tokens have been sold off, exchanged for 70,480 ETH (worth a total of $158.25 million)
▪️ Tokens sold: UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD
💡 Key takeaway: The hacker continues swapping freezeable altcoin assets for ETH to evade blacklisting
There’s another new development in the Binance theft incident!
He Yi announced that Binance is buying, both on-exchange and via OTC, exactly the same quantity of the stolen altcoins to replenish its proof of reserves. The results will be shared publicly once the purchases are complete.
#加密杠杆头寸24小时清算15亿美元 #KOSPI下跌3.53%重回6000点下方 #亚马逊盘前下跌约7%
Meanwhile, the hacker hasn’t stopped moving the stolen funds. Seven tokens—including UNI, PEPE, ENA, and LINK—have all been dumped and exchanged for more than 70,000 ETH, worth close to $158 million.
The hacker knows full well that altcoins can be frozen. Once converted to ETH, the assets are much harder to intercept. It’s a battle of offense and defense, and the on-chain asset chase is still underway. Next, watch for updates to Binance’s proof of reserves and whether the hacker will move the remaining BTC and ETH.
📢 New developments on both sides of the incident
✅ Binance’s response: He Yi disclosed that Binance bought an equivalent amount of the stolen altcoins through OTC and on-exchange purchases, completing its proof of reserves. The results will be shared once the purchases are complete.
▪️ Stolen altcoins: XRP / SOL / TRX
✅ Hacker activity: 7 tokens have been sold off, exchanged for 70,480 ETH (worth a total of $158.25 million)
▪️ Tokens sold: UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD
💡 Key takeaway: The hacker continues swapping freezeable altcoin assets for ETH to evade blacklisting
There’s another new development in the Binance theft incident!
He Yi announced that Binance is buying, both on-exchange and via OTC, exactly the same quantity of the stolen altcoins to replenish its proof of reserves. The results will be shared publicly once the purchases are complete.
#加密杠杆头寸24小时清算15亿美元 #KOSPI下跌3.53%重回6000点下方 #亚马逊盘前下跌约7%
Meanwhile, the hacker hasn’t stopped moving the stolen funds. Seven tokens—including UNI, PEPE, ENA, and LINK—have all been dumped and exchanged for more than 70,000 ETH, worth close to $158 million.
The hacker knows full well that altcoins can be frozen. Once converted to ETH, the assets are much harder to intercept. It’s a battle of offense and defense, and the on-chain asset chase is still underway. Next, watch for updates to Binance’s proof of reserves and whether the hacker will move the remaining BTC and ETH.
