Blockchain analytics firm Elliptic said it has identified what it described as the first instance of Binance hack proceeds moving into Bitcoin mixing. According to the report, the company traced roughly 12,000 wallets across 11 blockchains linked to the case. Elliptic also estimated that the remaining balances still connected to the hack stand at $3.24 billion. The report was published by The Defiant, which cited Elliptic’s findings on the movement of funds and the scale of the wallet tracing effort.
Blockchain analytics firm Elliptic said it has identified the first Bitcoin mixing activity involving proceeds from the Binance hack.
The firm said it traced roughly 12,000 wallets across 11 blockchains and estimated the remaining linked balances at $3.24 billion.
Tracing spans 11 blockchains
According to The Defiant, Elliptic’s tracing work covered 11 blockchains and around 12,000 wallets tied to the case.
The report said Elliptic flagged what it described as the first Bitcoin mixing of proceeds from the Binance hack.
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