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Crypto & Bitcoin

Binance hacker moves $798K in SOL into Privacy Cash mixer

Reported by John Chen, Crypto Briefing

Image: Crypto Briefing

An address tied to the Binance hot-wallet breach sent 8,567 SOL into a Solana-based privacy pool, according to Onchain Lens A wallet linked to the Binance hacker has sent 8,567 SOL into Privacy Cash, a privacy mixer on the Solana blockchain. That stack was worth approximately $798,000 at the time of the transfer. On-chain analytics account Onchain Lens flagged the move on November 3. The goal appears to be laundering stolen funds. Onchain Lens says the deposit came from an address tied to the October 29 Binance hot-wallet hack. Hot wallets are the internet-connected wallets exchanges use for day-to-day withdrawals.

This is an excerpt. The reporting belongs to Crypto Briefing.

Read the full report on cryptobriefing.com

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