Gate Freezes Hacker Accounts as Stolen Binance Funds Shift Toward Bitcoin

Investigators say the thieves who drained Binance of $6.3 billion are changing tactics. With most of their Tron staging wallets now empty, they have started swapping stolen SOL for bitcoin. Lookonchain tracked 486,970 tokens, valued near $46.4 million, going through the Relay bridge on Sunday. Chainalysis described the spread to a new network and put the Tron flows at roughly $500 million.

Frozen Assets and Automated Movement

Tether, Circle and other partners froze around $3 billion soon after the theft. Chainalysis suspects scripts are helping hide the trail, since coins keep looping across wallets and sometimes return to earlier addresses.

Gate Account Freeze and FBI Request

A small portion, about $250,000 over 12 hours according to Lookonchain, reached the exchange Gate. Gate locked two connected accounts and pledged to help police, without revealing the amount. The FBI, Secret Service and IRS Criminal Investigation blame North Korea’s TraderTraitor group and want THORChain operators, exchanges and DeFi platforms to block tainted addresses, noting the hackers mainly convert loot into Ether first.