A post by @lookonchain on X.
The Binance hacker is swapping the stolen 970,522 $SOL ($95.9M) for $BTC.
@lookonchain on X
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The hacker behind the Binance exploit has begun converting stolen funds, moving 486,970 SOL ($46.4M) of the total 970,522 SOL ($95.9M) haul in the past hour and swapping it for BTC via Relay Protocol. On-chain analytics firm Lookonchain flagged the activity, noting the attacker is laundering roughly half of the stolen Solana holdings through the cross-chain protocol. The movement suggests the hacker is attempting to obscure the trail of funds stolen from the exchange. Market watchers should monitor whether the remaining ~483,500 SOL is moved in similar fashion and whether the BTC ends up at exchanges or mixers, which could signal an intent to cash out.
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