Binance Hack: Hacker Lost $119M on Swaps, Traders Kept $60M - Bitquery

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Binance Hack: Hacker Lost $119M on Swaps, Traders Kept $60M - Bitquerybitquery.io
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Binance Hack: Hacker Lost $119M on Swaps, Traders Kept $60M - Bitquery

AI summary of the linked article

The Binance hacker lost $119M against market prices by rushing to swap stolen coins on 29–30 October, according to Bitquery's analysis of Ethereum and TRON trades. Traders and their arbitrage bots kept $59.9M after costs, while Ethereum block builders and validators received $29.5M in tips for placing trades first. The largest loss came from buying ETH on Ethereum, where Uniswap's main WETH/USDT pool ran up to 38% above the market, and dumping stolen tokens such as UNI and PEPE cost another $24.8M.

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