Binance hackers split the loot to cover up tracks - Coinfirm research

Binance hackers started transferring coins.
They use traditional procedures to cover up tracks.

Tanya Abrosimova Independent Analyst

Hackers transferred 1214 BTC ($7.3 million) out of 7000 coins stolen from Binance to new addresses on May 8, according to the blockchain startup Coinfirm.

The rest 5786 BTC (~$35 million) remained untouched in the wallets where they had been initially transferred. However, later the hackers send another lot of 1227 coins to two new addresses. One address got 707 BTC, and the other one got 520 BTC.

According to a journalist and blockchain analyst Amy Castor, this way the bad guy try to cover their tracks.

“Money laundering 101: breaking the transactions up into smaller and smaller amounts making them more and more difficult to track,” she said.

Meanwhile, the head of the hacked exchange Zhao confessed that they considered the rollback on Bitcoin network to prevent the hackers from using the stolen coins. However, eventually they rejected the idea due to the potentially negative consequences for the network and the cryptocurrency community.

Author

Tanya Abrosimova

Independent Analyst

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.