According to Cointelegraph, hackers linked to a recent theft from the Binance platform are now actively swapping stolen Solana-based tokens for Bitcoin. The development marks a new phase in their apparent effort to move illicitly obtained assets.
Gate reported that it has frozen two accounts associated with the activity after U.S. investigators urged cryptocurrency platforms to block transactions connected to the $6.3 billion theft. The exchange’s action reflects compliance with guidance from authorities seeking to limit further movement of stolen funds.
Chainalysis observed the conversion process involving Solana tokens being exchanged for Bitcoin through on‑chain activity. No additional details such as amounts, timelines beyond “now,” or direct quotations were provided. The report emphasizes that the hackers’ behavior constitutes an ongoing laundering attempt rather than a completed transaction.
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