Security· ★★★★★· bearish·

Binance hacker splits $1.4 billion of bitcoin into 19 unfreezable wallets

  • —Hacker split about $1.4 billion in BTC across 19 separate wallets
  • —The wallets cannot be frozen by exchanges or stablecoin issuers
  • —Splitting the assets complicates tracing and recovery of stolen funds
Why it matters: Moving stolen BTC into unfreezable wallets lowers the odds of recovery and adds selling pressure to the market.
#BTC
Source: CoinDesk
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