Suspected Binance Hacker Moves $46.4 Million in Solana, Swaps It for Bitcoin
A wallet identified as belonging to the suspected Binance hacker moved about $46.4 million worth of Solana over the past hour. The funds were being exchanged for Bitcoin through Relay Protocol, according to reports.Cointelegraph reported on November 1 that the wallet moved 486,970 Solana tokens in the past hour. The holdings were worth about $46.4 million at the time.The transferred Solana was being routed through Relay Protocol, which is used for cross-chain transactions, and exchanged for Bitcoin.However, the wallet's link to stolen funds and the actual amount of Bitcoin that was ultimately exchanged have not been independently verified.