Elliptic: Binance hackers have converted $124 million in stolen assets into Bitcoin

BlockBeats news, November 6 - According to blockchain analytics firm Elliptic, as of 16:45 Beijing time on November 6, the newly created Bitcoin address by the Binance hacker holds approximately 1,650 BTC, valued at about $124 million, all converted from other stolen assets, nearly double the amount from a day earlier. The overnight increase mainly came from converting XRP to BTC via THORChain.

NEAR is still being transferred out in small batches from the main account, while the main BTC and ETH holdings remain unmoved. Additionally, since Privacy Cash resumed operations, Elliptic has not detected any further deposits to it from addresses related to this theft.