NewsSignals AI analysis·The Block·Nov 6, 2026

Elliptic says Binance hackers swap stolen tokens for $124M in bitcoin, exchange plans more withdrawal reopenings

Grade Sbearish AI signal$BTC$XRP$SOL $ETH$BNB

Hackers behind Binance's $6.43 billion breach have converted another $124 million in stolen altcoins into bitcoin, adding to the $1.48 billion in BTC stolen during the attack. Elliptic says the laundering operation has involved more than 20,000 wallets across 16 blockchains, while $2.85 billion of the stolen funds has been frozen and Binance has replenished virtually all stolen assets. Further BTC conversions and attempted cash-outs could intensify scrutiny of crypto exchange security, while Binance's planned withdrawal reopenings may help restore normal operations.

Bullish strength: 30/100

Binance has replenished virtually all assets stolen in the breach.
$2.85 billion of stolen funds has been frozen.
Binance plans to reopen additional token withdrawals.

Bearish strength: 70/100

Hackers converted approximately $124 million in stolen altcoins into bitcoin.
The attack involved $6.43 billion in stolen assets.
Another $1.48 billion in bitcoin was stolen during the attack.
Attackers are expected to continue converting stolen ETH into BTC.
The laundering operation involved more than 20,000 wallets and 65,000 transactions.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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