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Suspected Binance Hacker Moves $46.4 Million in Solana, Swaps It for Bitcoin

A wallet identified as belonging to the suspected Binance hacker moved about $46.4 million worth of Solana over the past hour. The funds were being exchanged for Bitcoin through Relay Protocol, according to reports.

bloomingbit

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Nov 1, 2026 at 2:53 PM UTC · 1 min de lectura

Suspected Binance Hacker Moves $46.4 Million in Solana, Swaps It for Bitcoin
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bitcoin, solana, binance

Last Updated

hace 4 días

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  • A wallet identified as the hacker behind Binance reportedly moved about $46.4 million worth of Solana (SOL) over the past hour.
  • The transferred Solana was reportedly being exchanged for Bitcoin (BTC) through Relay Protocol.
  • The wallet's alleged link to stolen funds and the actual amount of completed Bitcoin swaps have not been independently verified.

Forecast Trend Report by Period

A wallet identified as belonging to the suspected Binance hacker moved about $46.4 million worth of Solana over the past hour. The funds were being exchanged for Bitcoin through Relay Protocol, according to reports.

Cointelegraph reported on November 1 that the wallet moved 486,970 Solana tokens in the past hour. The holdings were worth about $46.4 million at the time.

The transferred Solana was being routed through Relay Protocol, which is used for cross-chain transactions, and exchanged for Bitcoin.

However, the wallet's link to stolen funds and the actual amount of Bitcoin that was ultimately exchanged have not been independently verified.

Why this matters

The reported movement of roughly $46.4 million through a cross-chain protocol highlights how suspected illicit funds can be shifted between major crypto assets. If the wallet attribution is confirmed, it could signal continued challenges for exchanges and blockchain-monitoring firms seeking to trace and contain stolen assets; the article says the link to stolen funds and completed Bitcoin swaps remain unverified.

Follow the Story

  1. Nov 1Suspected Binance Hacker Moves $46.4 Million in Solana, Swaps It for Bitcoin
  2. Nov 5American Bitcoin Returns to Profit With $126 Million Q3 Net Income
  3. Nov 5Trump Media Bitcoin: 4,259 BTC Moved Before 30 November
  4. Nov 6Trump Russia Deal: What It Means for Bitcoin and Europe
  1. Nov 1Suspected Binance Hacker Moves $46.4 Million in Solana, Swaps It for Bitcoin
  2. Nov 5American Bitcoin Returns to Profit With $126 Million Q3 Net Income
  3. Nov 5Trump Media Bitcoin: 4,259 BTC Moved Before 30 November
  4. Nov 6Trump Russia Deal: What It Means for Bitcoin and Europe
#bitcoin#solana#binance#crypto

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Originally reported by bloomingbit

NewsLayer coverage based on externally reported material.

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