Chainalysis: Binance attacker swapped ~$325M into ETH to evade stablecoin freezes

Chainalysis says the Binance attacker sent $500M in stablecoins to a wallet set up to swap them, converting $325M into $285M of ETH over nearly 20 minutes. The remaining $175M was moved elsewhere. ETH lacks issuer-controlled freeze powers, complicating recovery efforts.

Detected & updated continuously · Source: Nebula