Binance hacker swaps $46M in stolen SOL for Bitcoin via Relay Protocol

The hacker behind the Binance exploit reportedly moved $46.4 million in stolen SOL through Relay Protocol to swap into Bitcoin, following an earlier conversion of $279 million in altcoins. The laundering activity signals continued efforts to obscure and cash out stolen funds, adding sell pressure to SOL and related assets. Traders may watch for volatility in SOL and BTC as the stolen coins are cycled through cross-chain swaps.