Binance exploiter swaps $911 million into ETH and TRX, evading USDT freezes
AI summary
Arkham reported that the exploiter behind the Binance-linked theft swapped $911 million into ETH and TRX, moving USDT beyond Tether's token-freezing mechanism. Arkham also said $2.8 billion of the stolen assets has already been frozen. The conversions complicate recovery efforts and could add selling pressure on ETH and TRX if the funds are liquidated, a key risk for traders tracking the stolen funds.
