Blockchain analytics firm Bitquery says the individuals behind Binance ’s $6.3 billion hack controlled more Bitcoin on Friday than Coinbase reported holding for its own investment and operating reserves at...
Summary
- Blockchain analytics firm Bitquery says the individuals behind Binance ’s $6.3 billion hack controlled more Bitcoin on Friday than Coinbase reported holding for its own investment and operating reserves at the end of September.
- The comparison underscores how quickly stolen crypto can be consolidated into large balances—even as exchanges move to freeze some funds.
- In a report published on its investigations page, Bitquery traced 18,270 BTC —worth about $1.4 billion—across 19 addresses linked to the attacker.
- Key takeaways Bitquery traced 18,270 BTC to 19 attacker-linked addresses after the Binance hack, totaling roughly $1.4 billion.
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