Security· ★★★★★· bearish·

Binance Exploiter Swaps $911M Into ETH and TRX, Arkham Says

  • —$911M USDT swapped into ETH and TRX to evade Tether freezes
  • —Arkham: $2.8 billion of stolen assets already frozen
  • —Conversion lowers odds of recovery via the stablecoin issuer
Why it matters: Moving funds into ETH and TRX complicates recovery and adds selling pressure as the attacker offloads stolen assets.
#ETH#TRX#USDT
Source: The Defiant
More on this
Security · 08:06
Chainalysis confirms active investigation into Binance exploit
 Security · 09:44
Binance attacker swapped 435M USDT into ETH before stablecoin freeze
 Security · 05:25
Wallet tied to Binance exploit borrows 19,762 ETH on Aave against $60M USDT