Hacker made his first crypto laundering transactions via Bitcoin: Elliptic analysis

Blockchain analysis company Elliptic detected that Binance hacker laundered 28 BTC. Thus, the first official laundering was made in transactions using the Bitcoin mixer method known as CoinJoin.

TRX and Ethers converted to Bitcoin

According to the detailed report prepared by Elliptic, the hacker first converted the stolen TRX tokens into BTC and sent them to the mixing process via the WabiSabi protocol. Then, some of the stolen ETH tokens were converted into BTC and transferred to the mixer in the same way.

Other Bitcoins still remain

On the other hand, it was stated that these laundered BTCs were not Bitcoins stolen from Binance. 18 thousand 270 BTC worth 1.4 billion dollars, which the hacker stole directly from the Binance exchange, are still in the 19 wallets mentioned. These have not been sent to the mixers yet.

As it is known, on the first night of the attack, Tether and Circle companies froze USDT and USDC worth 2.5 billion dollars. For this reason, the hacker quickly began to convert the other stable coins he had into ETH and TRX.

According to the information provided by Elliptic, in the first hours, the hacker managed to convert 434 million USDT in the Ethereum network into ETH on decentralized exchanges, especially Uniswap.

More than 40 thousand transactions in less than 4 days…

According to Elliptic, a hacker uses a new wallet every 25 seconds. It is thought that the attacker, who made more than 40 thousand transactions in more than 12 thousand wallets, made transactions quickly with automatic software. However, it is still unknown whether these software are artificial intelligence supported.