A wallet associated with the $6.3 billion Binance breach moved $46.4 million worth of Solana (SOL) on November 1 as SOL traded below $95, sparking speculation about possible conversions into
Summary
- A wallet associated with the $6.3 billion Binance breach moved $46.4 million worth of Solana (SOL) on November 1 as SOL traded below $95, sparking speculation about possible conversions into Bitcoin and their potential impact on the token’s price.
- Large SOL transfers tracked after Binance hack Blockchain analytics firm Lookonchain observed that addresses linked to the Binance hacker controlled 970,522 SOL, valued at approximately $95.9 million.
- Mini dictionary: Relay Protocol is a cross-chain service that allows users to transfer assets between different blockchain networks, facilitating interoperability without the need for centralized exchanges.
- Despite the significant movement of funds, Lookonchain’s data showed that only about half of the hacker’s SOL balance was transferred.
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