About 12,000 wallets, 11 blockchains and more than 40,000 transactions: that was the scale of fund movements in the first three and a half days after the October 29 Binance theft. The wallet count refers to wallets used to move stolen funds, not the number of victims.
The routes included DeFi lending protocols and bitcoin CoinJoin transactions. Splitting funds, swapping assets and moving between chains make the trail harder to follow.
A November 5 analysis put frozen or seized assets at about $2.85 billion. That figure reflects the analysis date, not a live balance. Freezing or seizing funds does not mean users have been repaid.
Open the official app directly to check notices, and review your login and withdrawal history. Verify messages through official channels before connecting a wallet.
Photo: Elliptic
