Hacking News
Ethereum Validators Benefit from Binance Hack
Ethereum validators received approximately 11,217 ETH in 4½ hours as Binance hackers rushed to swap stolen funds. Arbitrage traders paid builders for priority access to exploit price differences created by the hackers' massive transactions, generating a $30 million windfall for validators and builders. Bitquery data shows the attackers lost about $119 million by exchanging stolen cryptocurrency at unfavorable prices, creating trading opportunities for traders and builders.