Elliptic: Approximately 28 Stolen BTC from Binance Enter Mixer Transactions

on November 2, according to monitoring by Elliptic, stolen funds from Binance entered Bitcoin mixing transactions for the first time. Since November 1, approximately 28 BTC (roughly $2.2 million) were mixed through 18 CoinJoin transactions.

Elliptic stated that the Bitcoin entering the mixing transaction originally came from stolen funds on the Tron network, followed by some ETH previously sitting in an address that was also converted to Bitcoin and flowed into the mix. The directly stolen 18,270 BTC have been dispersed to 19 addresses and have not moved since.

The firm said that within four days of the theft, the involved funds passed through approximately 12,000 wallets across 11 blockchains, covering over 40,000 transactions; associated addresses still hold around $3.24 billion in assets, with another $2.85 billion frozen or seized.