Binance Hacker Moves $798K in Solana to Privacy Cash
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A wallet linked to the Binance hackers transferred 8,567 Solana (SOL) tokens, worth approximately $798,000, into the Privacy Cash mixing protocol on Tuesday, November 3, 2026, according to blockchain tracking firm Onchain Lens.
The transaction follows Binance’s October 29 hot-wallet exploit, which resulted in $6.34 billion in losses. The exchange says it has set aside more than enough corporate funds to cover the losses, with 98% of affected token assets replenished as of October 31.
Key Takeaways
- Binance says the FBI attributed the attack to North Korea.
- Approximately $2.85 billion in stolen assets had been frozen or intercepted by November 3, according to Binance.
- Chainalysis identified broader movements across blockchain networks as attackers attempted to obscure transaction trails.
Stolen Assets Move Across Blockchains
According to Chainalysis, the attackers previously processed approximately $500 million in gross transaction volume through Tron-based routing activity, including repeated transfers that do not represent separate stolen funds.
The latest Solana transaction marks another laundering route. Privacy Cash uses zero-knowledge technology to obscure transaction details, complicating efforts to follow stolen assets.
Binance reported replenishing affected user assets using company resources, including its corporate treasury and SAFU reserves.
The continuing transfers highlight the challenge facing blockchain investigators: tracing assets through multiple networks while separating repeated transactions from funds actually withdrawn.
Unlike conventional insured bank deposits, cryptocurrency holdings lack standard statutory deposit insurance. Privacy protocols also expose users to smart-contract vulnerabilities and potential sanctions-related restrictions.
