Lookonchain said the Binance hacker is still converting SOL into BTC through a multi-step route that spans several wallets and more than one blockchain. According to the monitoring account, the addresses first split SOL across multiple wallets and sold the tokens for USDC. The USDC was then bridged to Ethereum, where it was used to buy ETH. In the final step, the ETH was swapped for BTC through THORChain. The update points to continued fund movements rather than a single direct conversion, with the assets passing through several stages before ending up in Bitcoin. No additional figures or wallet-level amounts were disclosed in the source post cited here.
Lookonchain said the Binance hacker continues to convert SOL into BTC.
According to the monitoring account, the funds were first split across multiple wallets, with SOL sold for USDC. The USDC was then bridged to Ethereum and used to buy ETH. In the last step, the ETH was swapped into BTC through THORChain.
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