Binance hacker moves 17.26K ETH ($38.82M) to new wallet for laundering via mixers; attacker retains 480.72K ETH (~$1.08B) in unfrozen holdings.
Security & Exploits ·
An individual responsible for a Binance security breach has transferred 17.26K ETH—valued at approximately $38.82 million—to a new wallet address, signaling preparation for fund laundering through privacy mixers including Tornado Cash. The movement was tracked and documented on-chain.
The attacker maintains control of a substantially larger reserve: 480.72K ETH worth roughly $1.08 billion that remains inaccessible to freezing mechanisms. This unfrozen portion represents the bulk of the illicit holdings tied to the breach.
The transfer pattern suggests an attempt to fragment and obscure the flow of stolen assets through mixer protocols before moving them further through the financial system. The distinction between frozen and unfrozen balances indicates that some portion of the hacker's original proceeds has been subject to security interventions, while the majority remains outside those constraints.