Binance Hack Funds Spread Across 12,000 Wallets in Under Four Days

Funds stolen from Binance were routed through roughly 12,000 wallets across 11 blockchains in under four days, according to blockchain analytics firm Elliptic. Elliptic assessed that only a negligible amount of the funds had likely been cashed out so far. The rapid, multi-chain laundering trail matters to traders because it keeps stolen coins in motion and raises the risk of exchange and compliance scrutiny around tainted flows.