A post by @lookonchain on X.
The Binance hacker has deposited $250,000 into @Gate over the past 12 hours.
@lookonchain on X
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The hacker behind the Binance exploit has moved $250,000 in stolen funds to Gate over the past 12 hours, according to on-chain analyst Lookonchain. The deposits mark the first observed movement of assets tied to the breach, suggesting the attacker has begun offloading or laundering proceeds through a secondary exchange. The development matters because it signals the hacker is actively managing the stolen funds, raising the prospect of further transfers that could pressure affected tokens or trigger exchange-level freezes. Watch for additional deposits to Gate or other venues, potential responses from Binance or Gate such as wallet tagging or asset freezes, and on-chain sleuths tracking the remaining hacker wallets for signs of larger cash-outs.
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Named in this story
Binance hacker, Binance, Gate