Elliptic Links Binance Hack Proceeds to Bitget Laundering Trail

Elliptic reports a shared laundering trail with the Bitget exploit and $2.85 billion frozen or seized, while North Korean attribution remains unconfirmed by governments. Elliptic says some funds stolen from Binance have been laundered alongside proceeds of the September Bitget exploit, adding a financial trail to its assessment that North Korea's TraderTraitor group likely carried out the Binance theft. The blockchain analytics company's investigation update, dated October 31 at 05:00 UTC , says it confirmed the overlap involving funds moved from Tron. It credits investigator ZachXBT with first reporting the connection.