Binance Hacker Dumps $158M in Alts as Sleuths Question Exchange’s Key Story
AI summary
The attacker behind the Binance breach sold roughly $158 million in altcoins, converting the proceeds into 70,480 ETH, according to onchain trackers. Analysts are publicly challenging Binance's assertion that no private keys were leaked, raising doubts about the exchange's account of the incident. Traders will watch ETH flows and BNB price reaction, since a disputed security narrative at the largest exchange can weigh on confidence across the market.
