Onchain Lens said a Binance hacker group has been using automated transfers to repeatedly break funds into multiple wallets, send them back to previously used addresses, and then redistribute them to new addresses. The pattern, according to the monitoring account, is aimed at obscuring the trail of funds on-chain. In its latest observed movement, the group transferred 120 million TRX, valued at about $38.78 million based on the figures cited in the source. The funds were then distributed again after the initial transfer. The report did not provide extra details on destination addresses beyond describing the repeated splitting and redistribution process.
According to Onchain Lens, a Binance hacker group has been using automated transfers to keep splitting funds across multiple wallets, sending them back to previously used addresses, and then redistributing them to fresh addresses to hide the trail of funds.
In the most recent movement that was observed, the group moved 120 million TRX, valued at about $38.78 million based on the figures cited in the source, and then went on to redistribute more of it.
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