The 6.3 billion stolen from Binance didn't simply vanish. On the night of the incident, the stablecoin issuer acted swiftly, locking nearly half of the funds on-chain—far more than during the Bybit theft. However, a portion managed to escape before being frozen, splitting into tens of thousands of wallets and distributing them layer by layer along the Tron blockchain. The largest chunk, surprisingly, remained remarkably still. Tens of thousands of Bitcoins and most of the Ethereum are currently held in a dozen or so addresses, virtually untouched since the theft. Meanwhile, Binance itself has largely patched the hole and reopened withdrawals. This article will break down the flow of this money piece by piece, following the on-chain records.