Binance hackers deploy never-seen-before laundering tactics to conceal $6.3 billion theft

Hackers behind Binance's $6.3 billion breach are using previously unseen laundering tactics while rapidly converting stolen assets into other cryptocurrencies.On Oct. 30, blockchain analytics firm Chainalysis said that investigators identified thousands of transactions executed within short periods, suggesting the attackers used automation to obscure the movement of stolen funds.The discovery comes as Elliptic reported that the hackers had converted approximately $786 million in stolen stablecoins into Ethereum and Tron before asset freezes took effect, sometimes accepting significant losses to complete transactions quickly.Binance hackers use automated wallet loops and aggressive token swapsAccording to Chainalysis, the attackers have adopted unusual transaction patterns that repeatedly circulate stolen assets among interconnected cryptocurrency addresses.The funds sometimes return to wallets involved earlier in the laundering sequence, creating complicated transaction histories.The firm described these movements as “laundering patterns we have not seen before,” pointing to their speed and repetitive nature as evidence of suspected automation.A dense transaction network links hund...