The Trace of Money Stolen from Binance Extended to Another Exchange: A Joint Operation in Two Attacks?
Original headlineBinance’ten Çalınan Paranın İzi Başka Borsaya Uzandı: İki Saldırıda Ortak Operasyon mu?
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Blockchain analytics firm Elliptic has traced roughly $16 million stolen from Binance to addresses holding funds from the Bitget hack, suggesting a shared money-laundering operation between the two incidents. The link points to a common actor or laundering pipeline moving funds across exchanges rather than isolated exploits. Binance and Bitget have not confirmed a formal connection, and the funds remain on-chain and traceable. Watch for further consolidation of the stolen assets, cross-chain swaps, and whether other exchange hacks route through the same address clusters.
Muhabbit's AI wrote this summary from Koinbülteni's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Binance, Bitget, Elliptic, CoinDesk, Selim Kuşçu