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According to Lookonchain monitoring, the hacker involved in the Binance incident is continuously swapping SOL for BTC.
According to Lookonchain monitoring, the hacker behind the Binance exploit is continuously swapping SOL for BTC. The hacker distributes SOL across multiple wallets to exchange it for USDC, then cross-chains the funds to Ethereum to buy ETH, and finally converts the ETH to BTC via THORChain. Previous reports indicated that the hacker is gradually converting the 970,522 SOL (approximately $95.9 million) stolen from Binance into BTC.
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