Binance Hacker Flipped $175M in Stolen Altcoins Into 2,300 Bitcoin

Whoever emptied Binance is still moving money. The hacker swapped around $175 million worth of stolen altcoins into roughly 2,300 Bitcoin, according to tokenpost.com, turning a messy pile of tokens into the market's hardest asset.

The laundering job was sprawling. The trail touched 16 blockchains, ran through more than 20,000 wallets and racked up at least 65,000 transactions. A slice of that route, 88 BTC, was pushed through Wasabi Wallet, the privacy-focused mixer — a sliver of the 2,300 BTC conversion.

The bigger stash is sitting still. A snapshot at 10 a.m. ET on Nov. 7 showed 18,384.725 BTC in addresses tied to the hacker, and that figure excludes the freshly converted 2,300 BTC. The main Bitcoin and Ether holdings remain untouched.

The numbers measure different pieces of the same trail: about $175 million in altcoins converted to roughly 2,300 BTC, and 18,384.725 BTC in linked addresses at that Nov. 7 snapshot. The swap also points to a familiar playbook — altcoins in, Bitcoin out, layering across chains and wallets to break the paper trail.