Blockchain Analyst say  Binance hacker may be trying to cover their tracks.

It is recent news that miscreants hacked into Binance’s (A leading crypto exchange platform) server and made away with about 7000 bitcoins in the value of 40.7 million dollars. Following Cryptopia, DragonEx, and Bithumb, this is sadly the fourth major crypto exchange hack of the year.

A team at a blockchain services company has on the tail of these hackers, watching their movements of the bitcoin in the Binance breach early this week. Their report reveals that they transferred 1214 BTC ($7.16 million) to new addresses yesterday and then made another transfer of 1337 to some other 2 new addresses possibly held by the hacker.

According to a compilation of tweets by Amy castor, the hackers moved the bitcoin a few times to different addresses and even some other exchange platforms in varying amounts of bitcoin and dollar values. one cant help but wonder why the hacker or hackers are shuffling platforms, they may be carrying out transactions to cash out or it really may be in a bid to cover their tracks first as Castor said, “Money laundering 101: breaking the transactions up into smaller and smaller amounts making them more and more difficult to track.”

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 Credits – John Biggs, Coinfirm.

 

 

 

 

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