Binance Theft Funds Enter Bitcoin Mixing

Elliptic links the Binance theft to North Korean hackers; some of the stolen funds have begun entering Bitcoin mixing transactions, marking a new laundering phase. The first Bitcoin deposits into mixing transactions occurred at 1:55 a.m. ET Sunday (05:55 UTC). By 1:02 a.m. ET Monday (06:02 UTC), about 28 Bitcoin (BTC), worth roughly $2.2 million, had passed through 18 such transactions. The transactions used the WabiSabi protocol, which is used by Wasabi Wallet and other wallets. Each grouped 101 to 491 inputs, making it harder to trace which outputs corresponded to particular deposits.