Hupzy (Spot On Chain)|Nov 01, 2026 10:45
🚨 Binance hacker is actively laundering 𝟵𝟳𝟬𝗞 𝗦𝗢𝗟 ($95.9M) into BTC via RelayProtocol — 486,970 SOL ($46.4M) already moved in the past hour, roughly half the full stash deployed in the swap.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: Active SOL-to-BTC conversion is the laundering phase of the $6.3B Binance breach — immediate sell pressure on SOL and a future BTC overhang once converted coins reach exchanges. The swap is live and ongoing; watch for exchange deposits of the converted BTC.
SOL absorbs direct swap-driven supply while BTC faces conversion-output overhang. Both tradeable on Hyperliquid — the key signal is whether laundered BTC hits spot books or stays in the wallet.
https://arkm.com/explorer/address/AffzFDKZbyMiU11zmVBoAqD25ugpr7xoWWyRyGigBEaU
source: lookonchain
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