TRM Labs: Binance hacker swapped 325M USDT for ETH at over 10% above market
- —325M USDT was swapped for 122,300 ETH at about $2,650 versus a $2,300–2,350 market price
- —60M USDT was posted on Aave to borrow 19,760 ETH before the market was frozen
- —TRM Labs: about $6.36 billion drained from Binance wallets across 10 chains
- —Roughly $2.7 billion frozen, including $2.67 billion by stablecoin issuers
Why it matters: The hacker still holds over 420,000 ETH and 18,270 BTC that cannot be frozen, keeping sell-pressure risk alive.
Source: TokenPost