Binance hacker swaps stablecoins for Ethereum as DeFi exchanges pause markets
AI summary
Wallets linked to the suspected Binance hack are swapping freezable stablecoins for Ethereum on decentralized exchanges, according to Etherscan records. DeFi exchanges have paused markets in response, complicating the hacker's attempts to find exit ramps. Traders care because the laundering attempt signals active movement of stolen funds and raises counterparty and liquidity risk across DeFi venues.
