Overview
- The theft began with an Oct. 29 hot-wallet breach that stole about $6.3 billion and was publicly linked by the FBI to the TraderTraitor group.
- On Nov. 3, Onchain Lens flagged a wallet tied to the hack depositing 8,567 SOL, roughly $798,000, into a Solana privacy pool and identified other linked addresses showing similar mixer activity.
- Elliptic has mapped laundering across about 12,000 wallets on 11 blockchains and reported roughly 87,000 SOL moved from the original theft wallet by Nov. 3.
- Elliptic estimated about $3.18 billion of stolen crypto still sits in theft-linked addresses while roughly $2.85 billion has been frozen or seized by authorities and custodians.
- Binance says it has replenished 98% of affected customer balances through replacement purchases, and investigators warn that centralized exchanges remain the key choke points to stop cash-outs.