Binance hacker moves $46.4 million in SOL, Bitcoin sale claims face scrutiny

A wallet associated with the $6.3 billion Binance breach moved $46.4 million worth of Solana (SOL) on November 1 as SOL traded below $95, sparking speculation about possible conversions into Bitcoin and their potential impact on the token’s price. Blockchain analytics firm Lookonchain observed that addresses linked to the Binance hacker controlled 970,522 SOL, valued at approximately $95.9 million. Within one hour, about 486,970 SOL (worth $46.4 million) was transferred, reportedly utilizing Relay Protocol, a cross-chain swap platform.