Binance Breach Trades Send an Estimated $29.5M to Ethereum Builders and Validators

Ethereum block builders and validators received an estimated combined $29.5 million as wallets tied to Binance’s Oct. 29 breach traded stolen assets, while the wallets’ trading shortfall reached about $119 million. From 4:30 p.m. ET Oct. 29 to 9 p.m. ET (20:30 UTC Oct. 29 to 01:00 UTC Oct. 30), bots paid builders 10,251 Ether (ETH) in tips. The same four-and-a-half-hour period the prior night brought 4.6 ETH in tips. Builders retained about 564 ETH and passed most of the remaining tips to validators, largely through Titan’s payment relay.