Binance hackers begin swapping stolen Solana tokens for Bitcoin, Chainalysis says
Blockchain analytics firm Chainalysis reported that hackers behind the Binance theft have begun converting stolen Solana tokens into Bitcoin, Cointelegraph reported. Crypto exchange Gate said it froze two linked accounts as US investigators urged platforms to block transactions tied to the $6.3 billion theft.
Key facts
SOL after this site detected it
- 5 minutes-0.11%vs BTC -0.06 pts
- 1 hour+0.65%vs BTC +0.27 pts
Claims and open questions
Only one publisher so far. Another independent outlet or an official source would raise it.
Security topic · core coin SOL
Fresh security news
What sources claim
- Chainalysis said the hackers behind the Binance breach have started swapping stolen Solana tokens for Bitcoin, according to Cointelegraph.
- Crypto exchange Gate said it froze two accounts linked to the stolen funds, Cointelegraph reported.
- US investigators urged crypto platforms to block transactions tied to the $6.3 billion theft, Cointelegraph reported.
Still unresolved
- What share of the stolen Solana tokens has been converted to Bitcoin would be shown by Chainalysis's own tracing data or on-chain flows from the identified wallets.
- Whether the two accounts frozen by Gate held any of the converted funds would be confirmed by a Gate statement or law enforcement notice.
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.
Source evidence
Published Nov 2, 2026, 12:40 · Received Nov 2, 2026, 12:45
Market reaction after detection
Measured from the sample nearest site detection, on the same source and quote currency.
| Window | Return | BTC | Difference from BTC (pp) | Actual sampled interval / source |
|---|---|---|---|---|
| 5 minutes | -0.11% | -0.05% | -0.06 pts | Nov 2, 2026, 12:45 → Nov 2, 2026, 12:50 (UTC) Gate · USDT |
| 1 hour | +0.65% | +0.37% | +0.27 pts | Nov 2, 2026, 12:45 → Nov 2, 2026, 13:45 (UTC) Gate · USDT |
Timing does not establish causation. Methods and limitations →
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