--- title: "Binance hackers begin swapping stolen Solana tokens for Bitcoin, Chainalysis says" description: "Crypto exchange Gate said it froze two linked accounts, as US investigators urged platforms to block transactions tied to the $6.3 billion theft. Reported by…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-binance-hackers-begin-swapping-stolen-9761edcc9386aa" published: 2026-11-02T12:45:57.000Z updated: 2026-11-02T13:46:00.000Z indexable: true --- # Binance hackers begin swapping stolen Solana tokens for Bitcoin, Chainalysis says Crypto exchange Gate said it froze two linked accounts, as US investigators urged platforms to block transactions tied to the $6.3 billion theft. Reported by… Attributed sources: [Cointelegraph]() ## Key facts Crypto exchange Gate said it froze two linked accounts, as US investigators urged platforms to block transactions tied to the $6.3 billion theft. Evidence strength: Single source, 1 publisher group(s) (Cointelegraph). After site detection, observed returns were 5 minutes: -0.05% (Nov 2, 2026, 12:45 → Nov 2, 2026, 12:50, UTC; Gate · USDT); 1 hour: +0.37% (Nov 2, 2026, 12:45 → Nov 2, 2026, 13:45, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Nov 2, 2026, 12:45, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.05% | -0.05% | 0.00 pts | Nov 2, 2026, 12:45 → Nov 2, 2026, 12:50 | Gate · USDT | | 1 hour | +0.37% | +0.37% | 0.00 pts | Nov 2, 2026, 12:45 → Nov 2, 2026, 13:45 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Nov 2, 2026, 12:45 | ## Claims and open questions - Chainalysis reported that hackers behind the Binance theft have begun swapping stolen Solana tokens for Bitcoin, according to Cointelegraph. - Crypto exchange Gate said it froze two accounts linked to the theft, Cointelegraph reported. - US investigators urged platforms to block transactions tied to the $6.3 billion theft, Cointelegraph reported. - What share of the $6.3 billion in stolen funds has been converted into Bitcoin, and what on-chain data would confirm it? - Which US agency issued the call for platforms to block transactions, and has it published an official statement or filing? ## Source evidence - [Binance hackers begin swapping stolen Solana tokens for Bitcoin: Chainalysis]() — Cointelegraph; published Nov 2, 2026, 12:40; received Nov 2, 2026, 12:45 (UTC). ## Recent BTC events and market reactions - [Strategy buys 811 bitcoin for $65.5 million and repurchases $208.2 million of STRC]() — Published Nov 2, 2026, 13:09 (UTC) · Multiple publishers (4 publishers) · General news · 5m -0.04% / 1h +0.29% - [Strangers send sub-dollar payments to Binance hacker wallets with messages]() — Published Nov 2, 2026, 05:18 (UTC) · Single source (1 publisher) · Security · 5m +0.13% / 1h -0.02% - [BTCPay tells merchants to shut down servers after reports of drained hot wallets]() — Published Nov 2, 2026, 04:41 (UTC) · Multiple publishers (2 publishers) · Security · 5m -0.06% / 1h -0.08% - [Bitcoin recovers toward $79,000 as markets absorb crypto's largest hack]() — Published Nov 2, 2026, 04:42 (UTC) · Single source (1 publisher) · Security · 5m +0.02% / 1h -0.07% - [US spot Bitcoin ETFs see $643 million single-day outflow after Binance hack]() — Published Nov 1, 2026, 16:01 (UTC) · Multiple publishers (4 publishers) · Security · 5m +0.01% / 1h +0.16% - [Full coin archive]() ## Research for this archive - [Crypto hacks and price impact: Bybit and Cetus case studies]() - [Why is crypto moving? How to check the evidence]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()