Binance Hacker Moves $96M in Stolen Solana to Bitcoin as Laundering Efforts Continue

On November 1, the wallet associated with the incident transferred approximately 486,970 SOL, valued at $46.4 million, toward Bitcoin through cross-chain service Relay Protocol.

The latest movement involves a reported stash of 970,522 SOL, worth approximately $95.9 million. The conversion marks another stage in the attacker’s efforts to move stolen cryptocurrency across blockchain networks, complicating efforts by exchanges and security firms to monitor and restrict the funds.

Binance Hacker Routes Stolen Solana Through Relay Protocol

Lookonchain identified the activity through an address labeled as belonging to the Binance attacker on Arkham Intelligence. Its November 1 post stated: “The Binance hacker is swapping the stolen 970,522 SOL ($95.9M) for BTC.”

Lookonchain reported that the hacker behind the $6.3 billion Binance-related breach is converting 970,522 stolen SOL, worth approximately $96 million, into Bitcoin. Source: @lookonchain via X

The 486,970 SOL transfer represents approximately half of the reported holdings. The remaining balance was valued at roughly $49.5 million at the time of the reported transactions. The figures describe the reported conversion pool and its initial movement, rather than a confirmed $95.9 million Bitcoin transfer completed in a single transaction.