Binance hacker repeats complex transfers to evade fund tracking

A Binance hacker has been repeatedly carrying out complex onchain transfers to evade fund tracking, according to blockchain analytics firm Onchain Lens.

Onchain Lens said the hacker has been using automated trades to split stolen funds across multiple wallets, return part of the funds to previously used addresses, and then send them again to new addresses, making the money trail more difficult to follow. More recently, 120 million TRX, worth about $38.78 million, was transferred and then further dispersed across multiple addresses.

Source: Coinness