Binance Hacker Bitcoin Windfall Exceeds Coinbase Treasury Holdings

Blockchain analytics firm Bitquery says the individuals behind Binance ’s $6.3 billion hack controlled more Bitcoin on Friday than Coinbase reported holding for its own investment and operating reserves at the end of September. The comparison underscores how quickly stolen crypto can be consolidated into large balances—even as exchanges move to freeze some funds. In a report published on its investigations page, Bitquery traced 18,270 BTC —worth about $1.4 billion—across 19 addresses linked to the attacker. That total exceeds Coinbase ’s combined Bitcoin holdings for investment and operations as of Sept. 30, which the U.S.