Wire · regulatory
Elliptic Traces $124M in Bitcoin Swaps From Binance Hack Funds
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Fusion42 · 8 November 2026 · Fusion42 review
Blockchain intelligence firm Elliptic has traced about $124 million of assets stolen in the October Binance hack converted into Bitcoin, with funds originally held in XRP and Solana also moved. Despite extensive onchain tracing across multiple blockchains and wallets, only a small portion of the stolen assets appears to have been cashed out, highlighting ongoing laundering complexity.
This Wire brief sits within Fusion42's coverage of Crypto & Web3 and Cybersecurity.
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You face tougher compliance challenges as laundering increasingly spans multiple blockchains, making detection and intervention harder. Enhance your monitoring beyond single blockchain views now to avoid exposure to illicit funds and regulatory risks.
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1 source · 8 Nov 2026
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