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Crypto & Bitcoin

Binance Hacker Moves $SOL to BTC Through Complex Swaps

Reported by Archisha Mondal, Coinfomania

Image: Coinfomania

The Binance hacker's recent swaps of $SOL for BTC have sparked interest. Explore the implications for the crypto market. In a notable incident, a Binance hacker continues to swap $SOL for BTC, as reported by the Crypto Twitter commentator @lookonchain. The hacker is splitting the $SOL across multiple wallets and converting it into USDC before bridging to Ethereum to buy $ETH. This series of transactions raises security concerns and highlights the ongoing risks associated with cryptocurrency exchanges. The recent activity involving the Binance hacker has sent ripples through the cryptocurrency community.

This is an excerpt. The reporting belongs to Coinfomania.

Read the full report on coinfomania.com
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