peretasancrypto

The $6.3 billion Binance hacker is starting to move their loot — and it’s making its way from Solana to Bitcoin.

The facts: Lookonchain (Nov. 1) tracked a wallet linked to the Binance hack moving 486,970 SOL (about $46.4 million) in one hour, out of a total of around 970,522 SOL (about $95.9 million), and swapping it for BTC via Relay Protocol. TokenPost, Cointelegraph, and several other trackers reported the same figures. About 483,600 SOL remain in the linked wallet. Binance itself has not issued a specific statement about this transfer.

My take: What matters here isn’t the amount — $46 million is small compared with $6.3 billion — but the direction: from an easily tracked asset to BTC, which is much harder to freeze. This is a classic post-hack laundering pattern, and it underscores one thing: the customer funds Binance reimbursed (about 95%) came from company reserves, not from recovering these stolen funds. SOL is around $94.78 tonight, and BTC is around $78,142 — but don’t interpret SOL’s weakness as a result of this swap, since SOL had already fallen 6.6% in the preceding days.

What I’m watching: whether the remaining SOL gets swapped too, whether these flows touch exchanges or mixers, and whether stablecoin issuers take further blocking measures. An honest caveat: the wallet’s link to the hack comes from on-chain tracker labels, not an official Binance statement about this transfer, and the amount already converted has not been independently verified.

What do you think: does swapping to BTC make the stolen funds harder to track, or is the trail through Relay the easiest thing to follow?

This is my analysis, not financial advice — always DYOR.

#KeamananCrypto #PeretasanCrypto $SOL $BTC

322 crypto hacks have been recorded so far in 2026 — more than double the full-year total for 2025.

The facts: DefiLlama figures highlighted by Cointelegraph on Oct. 30 show 322 confirmed incidents so far in 2026, with total losses of $8.73 billion. One incident dominates the total: the Oct. 29 Binance hack, valued at $6.36 billion — 72.8% of this year’s total. Excluding that, the other 321 incidents add up to $2.37 billion, averaging $7.4 million per incident. A note in the interest of honesty: other trackers count differently because of their methodologies (Immunefi, CertiK, and SlowMist each have their own figures), so I’m reading this as a DefiLlama count, not an absolute consensus.

My take: what’s worrying isn’t just the dollar amount, but the frequency — 2026 has already become the busiest year for attackers by number of incidents, with two months still to go. The risks are also spread across exchanges, bridges, protocols, and wallets. BTC is around $77,300 this morning, still moving in the shadow of that incident.

What I’m watching next: Binance’s proof of reserves, scheduled before Monday, Nov. 2, plus further technical findings — whether November adds to this list or things begin to ease.

This is my analysis, not financial advice — always DYOR.

What do you think? In this busiest year for hacks, what has most changed the way you store your assets: keeping them on exchanges, moving them to your own wallet, or splitting them between the two?

#KeamananCrypto #PeretasanCrypto $BTC

Of the $6.43 billion stolen, $3.33 billion is now officially beyond the reach of freezes—and that’s a verified figure, not just a claim.

The facts: Elliptic (Oct. 30, update at 08:00 UTC) verified that $2.84 billion in stolen funds has been frozen on-chain—44% of the total $6.43 billion, almost all of it in USDT and USDC, close to the roughly $3 billion claim. The remaining roughly $3.33 billion is now controlled by the perpetrators across about 43 addresses and cannot be frozen by issuers: 511,861 ETH, 18,270 BTC, 233 million XRP, and 670 million TRX. Before the freezes took effect, the perpetrators managed to swap about $786 million in stablecoins for ETH and TRX—some at a 12–26% loss against market prices, prioritizing speed over value. Around $445 million in XRP, SOL, and NEAR has not moved at all.

My take: this divides the case into two phases. The freezing phase is effectively over for stablecoins; the next phase is a long laundering process, like after Bybit—and that’s where those 511,000 ETH become a lurking source of potential selling pressure. On attribution, I’m going with Elliptic’s own caveat: address overlap with the Bitget case is only around $39,000, and there has been no official government confirmation—so this is an analyst’s assessment, not a verdict.

What I’m watching: whether those 18,270 BTC start moving from their 19 wallets, whether the perpetrators’ ETH flows into mixers or OTC desks, and the promised official post-mortem.

BTC is currently around $77,500, and ETH around $2,236. What do you think—will this $3.33 billion that can’t be frozen eventually be recovered through seizures, or disappear into laundering channels?

This is my analysis, not financial advice—always DYOR.

#KeamananCrypto #PeretasanCrypto $BTC $ETH