🚨 BINANCE HACK UPDATE: WHERE IS THE HACKER HOLDING $3.2 BILLION?
The October 29, 2026 attack is still ongoing. According to Bitquery data updated on November 5:
🔴 Fund flows:
Total assets stolen: approximately $6.3 billion.
Approximately $2.7 billion has been frozen or blocked.
Approximately $3.2 billion remains in the hacker’s hands.
The hacker is holding approximately 556,271 ETH.
⚠️ What has the hacker done?
Moved ETH through hundreds of new wallets to disperse the assets.
Converted some TRX to ETH and BTC via THORChain.
Used swap services to convert assets.
There is no evidence that all the ETH has been sold off or sent through a mixer.
🏦 How is Binance responding?
Binance says it has replenished approximately 98% of the affected token assets using its own resources and reserve fund.
📊 SM Crypto’s take: The biggest concern right now is that $3.2 billion remains under the hacker’s control. If this large amount of ETH is sold, it could put significant pressure on the market.
Keep a close eye on on-chain fund flows, avoid FOMO, and prioritize capital management.
#SMCrypto #Binance #ETH #BTC #CryptoNews
The October 29, 2026 attack is still ongoing. According to Bitquery data updated on November 5:
🔴 Fund flows:
Total assets stolen: approximately $6.3 billion.
Approximately $2.7 billion has been frozen or blocked.
Approximately $3.2 billion remains in the hacker’s hands.
The hacker is holding approximately 556,271 ETH.
⚠️ What has the hacker done?
Moved ETH through hundreds of new wallets to disperse the assets.
Converted some TRX to ETH and BTC via THORChain.
Used swap services to convert assets.
There is no evidence that all the ETH has been sold off or sent through a mixer.
🏦 How is Binance responding?
Binance says it has replenished approximately 98% of the affected token assets using its own resources and reserve fund.
📊 SM Crypto’s take: The biggest concern right now is that $3.2 billion remains under the hacker’s control. If this large amount of ETH is sold, it could put significant pressure on the market.
Keep a close eye on on-chain fund flows, avoid FOMO, and prioritize capital management.
#SMCrypto #Binance #ETH #BTC #CryptoNews