Hacker Behind Suspected Binance Hack Begins Dumping Altcoins On-Chain for ETH

TechFlow reported that, on October 30, according to Lookonchain monitoring, the hacker behind the suspected Binance hack has started swapping tokens such as PEPE, UNI, and LINK for ETH on-chain.

Lookonchain data shows that the hacker currently still holds a variety of altcoins, including approximately 217 million ENA (about $39.51 million), approximately 7.58 trillion PEPE (about $34.41 million), approximately 2.575 million LINK (about $28.07 million), approximately 128,000 AAVE (about $15.90 million), approximately 74.56 million ARB (about $11.54 million), and approximately 1.94 million UNI (about $12.62 million). The hacker also holds other tokens such as ONDO, WLD, FUN, ZAMA, ZRO, and RSR, each valued between $5 million and $9 million. Lookonchain warned that these tokens may face significant selling pressure.

TechFlow previously reported that the suspected theft in the incident exceeded $5.8 billion, with about 40% of the stablecoins already frozen.

Source: TechFlow