Hacking News
Binance Theft Wallet Uses Privacy Cash for $798K SOL Transfers
A wallet linked to the Binance hacker deposited 8,567 SOL into Privacy Cash, valued at about $798,000. Other addresses showed similar activity. Elliptic reported that about 87,000 SOL had left the original Binance theft wallet by 08:40 UTC on November 3, valued at $8 million. Transfers passed through new wallets, lending vaults, and a liquid-staking service before sales or Bitcoin conversions. Binance co-CEO Richard Teng announced that 98% of assets affected by the $6.34 billion breach had been replenished, with purchases continuing for less liquid tokens.