š¼ SOL to BTC: what do movements linked to the Binance attack show?
According to Lookonchain, the attacker was converting stolen SOL to Bitcoin through Relay Protocol.
The report gives two different figures:
š¹ 970.522 SOL: the identified stolen balance, valued at approximately US$95.9 million at the time.
š¹ 486.970 SOL: the amount moved during the hour analyzed, equivalent to about US$46.4 million at the time.
These are stages of the same tracking process, not amounts we should add together.
It is also worth distinguishing between moving funds and identifying a completed conversion: the report does not prove that the entire balance has already ended up in BTC.
Does this foreshadow a rise in Bitcoin or a drop in Solana? These movements alone do not allow us to draw that conclusion.
The news is about tracking stolen funds. It is not a Binance purchase or an investment signal.
What would you like to understand better: how these wallets are identified or how movements between networks are tracked?
Source: Lookonchain.
$SOL $BTC #SeguridadCripto #Binance #DPANDA
According to Lookonchain, the attacker was converting stolen SOL to Bitcoin through Relay Protocol.
The report gives two different figures:
š¹ 970.522 SOL: the identified stolen balance, valued at approximately US$95.9 million at the time.
š¹ 486.970 SOL: the amount moved during the hour analyzed, equivalent to about US$46.4 million at the time.
These are stages of the same tracking process, not amounts we should add together.
It is also worth distinguishing between moving funds and identifying a completed conversion: the report does not prove that the entire balance has already ended up in BTC.
Does this foreshadow a rise in Bitcoin or a drop in Solana? These movements alone do not allow us to draw that conclusion.
The news is about tracking stolen funds. It is not a Binance purchase or an investment signal.
What would you like to understand better: how these wallets are identified or how movements between networks are tracked?
Source: Lookonchain.
$SOL $BTC #SeguridadCripto #Binance #DPANDA
