A post by @lookonchain on X.
How many altcoins has the Binance hacker dumped?
@lookonchain on X
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The Binance hacker has liquidated more than 130 altcoins across EVM chains, converting the proceeds into 123,400 ETH (worth $277.26M) and 1.69M USDC, for a total of approximately $279M, according to on-chain analyst Lookonchain. The scale of the dumping—spanning dozens of tokens—has raised concerns about sustained selling pressure on affected altcoins and potential knock-on effects for liquidity across EVM ecosystems. The conversion into ETH and USDC suggests the attacker is consolidating stolen funds into deeper, more liquid assets, likely to reduce slippage and facilitate eventual off-ramping. Market watchers are monitoring whether the hacker continues to unwind remaining stolen holdings, which tokens face further supply overhang, and whether Binance or security firms move to freeze or trace the funds. The episode underscores lingering fallout from the Binance breach and its ripple effects on altcoin markets.
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Binance Hacker, Binance, ETH (ETH), USDC
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