✉news BusinessCrypto first seen 2 d ago, last 2 d ago, peak #31
Elliptic Flags First Bitcoin Mixing of Binance Hack Proceeds
Blockchain analytics firm Elliptic says stolen funds from the Binance hack have begun moving through Bitcoin mixing services for the first time. Mixing obscures the trail of stolen coins, making it harder for exchanges and investigators to freeze or trace them. The development is being closely watched by the crypto industry as a sign hackers are actively laundering the proceeds.
Why now: Tracking the laundering of hacked funds matters to exchanges, regulators and investors monitoring where the stolen crypto goes.
Evidence
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