Binance hacker’s Bitcoin haul tops Coinbase’s corporate treasury
The attackers held 18,270 BTC early Friday, topping Coinbase’s reported corporate holdings, and an Ether stash exceeding 500,000 ETH.
The cybercriminals behind a $6.3 billion Binance hack amassed more Bitcoin on Friday than Coinbase's reported corporate holdings, according to blockchain analytics firm Bitquery. The attackers controlled 18,270 Bitcoin, equivalent to approximately $1.4 billion, surpassing Coinbase's 17,954 BTC held for investment and 117 BTC for operations as of September 30.
This excess amounted to 199 additional BTC. Coinbase's Bitcoin holdings, which exclude those for customer accounts, placed the exchange eighth among publicly traded companies in terms of Bitcoin reserves, as per BitcoinTreasuries.net. Binance disclosed the $6.3 billion theft and froze around $3 billion worth of stolen assets, pledging to cover all losses.
TRM Labs attributed the attack to North Korea's TraderTraitor hacking group, who initially targeted Binance's hot wallets during a breach affecting nine blockchains in under four hours on Thursday. Bitquery traced 508,621 Ether to the attackers, exceeding Coinbase's reported Ether holdings of 495,362 ETH, as of the same Friday snapshot.
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Also reported by 1 other outlet
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