Elliptic finds Binance hack funds: $124 million laundered into Bitcoin, $2.85 billion frozen
Blockchain analytics firm Elliptic reported that hackers behind the $6.43 billion crypto theft from Binance swapped $124 million in stolen altcoins for Bitcoin as the exchange carried out its phased reopening of withdrawals for customers. The transactions coincided with Binance beginning to restore withdrawal capability after the October 29 attack.