Binance hacker moves $798K in SOL into Privacy Cash mixer
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The hacker behind the 2022 Binance bridge exploit moved roughly $798,000 in SOL into the Privacy Cash mixer, according to on-chain tracking reported by Crypto Briefing. The transfer marks continued laundering activity tied to one of the largest exchange breaches, in which the attacker has repeatedly used privacy tools to obscure stolen funds. The use of mixers in laundering stolen crypto highlights ongoing challenges for regulators and the potential scrutiny on privacy tools. Watch for further movements from the associated wallets and any regulatory or law-enforcement response targeting Privacy Cash and similar mixing services.
Muhabbit's AI wrote this summary from Crypto Briefing's report. It can get details wrong, so check the source.
Named in this story
Binance, Privacy Cash, SOL