Elliptic Flags First Bitcoin Mixing of Binance Hack Proceeds
Elliptic has identified the first known mixing of Bitcoin proceeds from the Binance hack, tracing roughly 12,000 wallets across 11 blockchains. The analytics firm estimates remaining linked balances at $3.24 billion. The finding signals that stolen funds are being actively laundered, which keeps pressure on exchanges and could weigh on confidence in Binance-linked assets.