cryptolycan

🚨LATEST: Binance hackers are using NEVER SEEN BEFORE laundering patterns as stolen funds are being rapidly circulated through thousands of transactions, per Chainalysis. Instead of moving funds along a straightforward trail, the attackers repeatedly send them between wallets, including back to addresses used earlier. The speed and repeated patterns suggest automation designed to obscure the money trail. Binance’s Richard Teng says the attackers used a “self-destruct mechanism” to destroy tools and traces during the intrusion. Early findings from Elliptic showed almost NONE of the stolen funds had reached mixers, bridges or exchanges, making the unusual wallet movements particularly striking. They also rushed to swap freezeable stablecoins into assets such as ETH and move funds between addresses before blacklists could catch up. These efforts were only partly successful. The tactics complicate tracing and recovery, but they do not make the stolen funds invisible.