Digital Currency

Add as a preferred source on Google

About $2.85 Billion From the Binance Hack Remains Accessible to Suspected Attackers

Onchain Lens estimated the incident at about $6.34 billion, with about $2.6 billion classified as frozen and about $891 million potentially moved or laundered.

Updated 1 min read
A data graphic shows the reported balance of cryptocurrency linked to the alleged theft across cross-chain services. / TokenPost.ai
A data graphic shows the reported balance of cryptocurrency linked to the alleged theft across cross-chain services. / TokenPost.ai

Onchain Lens’ Nov. 10 estimate put about $891 million in the potentially moved-or-laundered category, leaving about $5.45 billion in other categories. Its post classified about $2.85 billion as still accessible to suspected attackers and about $2.6 billion as frozen.

Onchain Lens said wallets linked to the incident moved funds through THORChain and Chainflip during the two to three days before Nov. 10; its update indicated that neither protocol had yet restricted those wallets.

More than $200,000 in fees accumulated on THORChain as it processed more than $46 million in Binance theft-linked funds during the first 72 hours after Oct. 29, according to Chainalysis data covered in an earlier EconoTimes report.

Related articles

View all