On-chain data showed that more than $2 billion in Ether and tokens moved out of Binance hot wallets in the early hours of Oct. 30 Beijing time and into a newly created address that had existed for only a few hours. The address was activated by a Tornado Cash funding transaction. Binance had not said whether customer funds were affected.
Etherscan data cited in the report showed Binance 14 transferred 167,464 ETH, worth about $388 million, along with 1.6 billion USDT. Binance 16 then moved another 28,005 ETH. The receiving address later sent out 195,460 ETH.
On-chain researcher Spreek said the activity could be routine wallet maintenance, but added that it "looks very suspicious." Market alert account Tree News put the outflow at about $2.53 billion across more than 60 tokens and said the incident appeared to be a suspected key compromise. The report was attributed to BeInCrypto.
More than $2 billion worth of Ether and tokens moved out of Binance hot wallets in the early hours of Oct. 30 Beijing time, according to on-chain data cited by Techub News. The funds were sent to a newly created address that had existed for only a few hours. The address was triggered by a Tornado Cash funding transaction. Binance had not stated whether customer funds were affected.
Etherscan data showed that Binance 14 transferred 167,464 ETH, worth about $388 million, and also sent out 1.6 billion USDT. Binance 16 later transferred another 28,005 ETH. The receiving address then moved 195,460 ETH onward.
On-chain researcher Spreek said the activity could be routine wallet maintenance, but said it "looks very suspicious." Market alert platform Tree News estimated the outflow at about $2.53 billion, involving more than 60 tokens, and said the case appeared to be a suspected key leak.
The report cited BeInCrypto as the source.
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