Bitcoin (BTC) worth about $2.2 million and linked to the Binance theft had moved through mixing transactions by early Monday, making its movement harder to trace on public blockchains.
Sunday’s first deposits hit mixing pools at 1:55 a.m. ET (05:55 UTC). At Monday’s 1:02 a.m. ET (06:02 UTC) checkpoint, the activity covered 18 transactions and roughly 28 BTC, valued at $2.2 million.
Wasabi Wallet and several other wallets use WabiSabi, the protocol involved in the transactions. Transaction input totals varied from 101 to 491.
The mixing process obscures the connection between an incoming deposit and a later output. It does not erase the public on-chain record. Converting the assets to cash would still involve a centralized exchange or over-the-counter broker, where a transaction may be flagged and halted.
The pre-mixing flow produced more than 40,000 transactions in under four days, touching roughly 12,000 wallets and 11 networks. The routes also involved swaps, lending pools and at least seven cross-chain bridges. Tron alone accounted for about 32,000 transactions.
EconoTimes previously covered Chainalysis’ tracking of funds through Tron DeFi.
