The hacker who stole about $6.3 billion in assets from Binance is converting $SOL into $BTC , following a largely fixed route. Lookonchain’s monitoring on November 4 showed that SOL was first dispersed across multiple wallets and sold for USDC, then bridged to Ethereum and swapped for ETH, and finally exchanged for BTC via THORChain.
The stablecoin and Ethereum are more like stopovers; BTC is the destination. Neither cross-chain bridges nor THORChain require approval from a centralized platform. And once the assets are converted to BTC, there’s no issuer that can blacklist an address on-chain. USDC can’t do that.
So the key move is the coin swap, not just the sale. From here, there’s only one place that can actually stop these funds: when they’re deposited into a centralized exchange.
#币安被盗 #比特币 #Fund flows
The stablecoin and Ethereum are more like stopovers; BTC is the destination. Neither cross-chain bridges nor THORChain require approval from a centralized platform. And once the assets are converted to BTC, there’s no issuer that can blacklist an address on-chain. USDC can’t do that.
So the key move is the coin swap, not just the sale. From here, there’s only one place that can actually stop these funds: when they’re deposited into a centralized exchange.
#币安被盗 #比特币 #Fund flows