Binance hacker exchanges $124M worth of stolen altcoins for Bitcoin as exchange reopens withdrawals

AI-assisted source summary · not independently verified. Content standards

The Binance hacker exchanged $124M worth of stolen altcoins for approximately 1,650 BTC as the exchange reopened withdrawals. Elliptic estimates that $2.85B was frozen, $3.11B remains in associated wallets, and another $470M was not included in the reported total. Binance has restored some withdrawals and said it had replenished 98% of the affected token assets as of October 31, while Talos recorded $6.1B in net outflows.