BEARISH 55 Decrypt 44M ago · 1 min read 1 read

$3.1B in Stolen Binance Crypto Has Yet to Be Laundered: Elliptic

AI summary

Elliptic reports that $3.1 billion of crypto stolen from Binance remains unlaundered, with attackers having spread funds across more than 20,000 wallets on 16 blockchains. The bulk of the stolen ETH and Bitcoin has not yet moved, leaving a large overhang that could be dumped or traced. Traders should watch for sudden on-chain movement, which could pressure ETH and BTC prices and renew scrutiny on exchange security.

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