Hackers are now accessing wallets containing cryptocurrency stolen from Binance in May. Coinfirm, the company that tracked the original few moves in early May has spotted a massive outflow from the original hoard of wallets created on May 7, 2019.
Coinfirm's co-founder., Grant Blaisdell, wrote:
According to Coinfirm, the hackers then moved 1,060.64474480 BTC or $6,148,122.40 in a number of hops, shedding value each time. On June 7, 2019, the hacker moved the $6 million from this wallet, called bc1q2r..., to this wallet, bc1q65..., shedding an odd $15.84 dollars into this small wallet and adding $2 million to the total. It's not clear why this small an amount "hopped" out of the wallet.
The next hop moved 1,040.95915580 BTC ($8,242,840.00) into this wallet, shedding $155,861.00 into another wallet, 1JSfJ.... This shows a concerted effort to break up the bigger wallets into smaller chunks.
Finally, Coinfirm saw a final hop of 1,021.53182514 BTC ($8,089,010.00) into this wallet, again shedding $153,835.00 into this wallet. The remaining BTC ended up in "bc1qcgwn2nv906k3rws803zhxwq3crfgjvnzjejgyq" and has not moved since.
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This pattern of hops and "shedding" suggests either some sort of side payment to other parties or further efforts at laundering the cash using what appears to be a series of calculated moves aimed at scrambling the source of the funds. Given each of these wallets are now being watched carefully by legitimate exchanges it could be quite difficult - but not impossible - to convert these wallets to fiat.
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