WORLDTECHElliptic Says Binance Hack Attacker's Bitcoin Holdings Are Rising
According to a report by Bitcoin.com News, onchain intelligence firm Elliptic has found that the bitcoin held by the attacker behind the Binance hack is growing considerably. The breach drained 18,270.2 BTC from the exchange's wallet.
Scale of the bitcoin taken
The breach drained 18,270.2 BTC from the wallet of Binance, a cryptocurrency exchange and finance company based in the United Arab Emirates. A wallet is the software or device that holds the keys to someone's crypto. Bitcoin.com News describes the hack as colossal and puts its value at $6.3 billion.
Binance was founded in 2017. The available facts do not say when the breach was discovered or how the funds were moved.
Elliptic tracks the attacker's holdings
Onchain intelligence firm Elliptic reports that the attacker's bitcoin holdings are increasing, a finding that Bitcoin.com News attributes to Elliptic.
The headline cites around 2,300 additional bitcoin, but the available facts give no further breakdown of that growth.
Open questions
- How much bitcoin does the attacker now hold in total?
- Has Binance confirmed the size of the loss and its own response?