July 16, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

According to a new report by Coinfirm analytics, attackers who stole 7,000 BTC from the hot wallets of the Binance exchange in early May continue to transfer assets at their disposal between addresses.

In the last report, however, Coinfirm points to signs indicating a possible start of transferring stolen funds to Fiat through cryptocurrency exchanges.

“Analysis of one of the mainchains used by the hacker in layering stolen funds shows that they were able to liquidate at least 1.8087 BTC (21,000.00 USD) on the following exchanges,” said Coinfirm’s Grant Blaisdell.

The transfers happened as follows: Bitfinex: 0,7934 BTC Binance: 0,4294 BTC Bitmex: 0,0022 BTC KuCoin: 0,0713 BTC Kuna: 0,2482 BTC Bitmarket: 0,2560 BTC Crypterra: 0,0072 BTC Bitcoin.de: 0,0007 BTC WazirX: 0,0003 BTC

As noted by CoinDesk, these assets have been liquidated on the crypto exchanges or remain there to this day.

Earlier, Binance announced the creation of an anti-fraud system, which smaller exchanges can use to identify questionable transactions, including those associated with the movement of funds stolen from other sites.

Author: Marko Vidrih