The 7,000 BTC stolen in a recent attack from the Binance exchange has now been transferred to seven different addresses, reports the Coinfirm blockchain company.
It has been keeping the community informed on its official Twitter account.
The Hackers are moving the stolen BTC away
This has been the fourth big security breach resulting in stealing a large amount of crypto in 2019 so far. The Binance hack follows those against Cryptopia, Bithumb, DragonEx.
The first report from Coinfirm said that the hacker had moved the stolen $40 mln in BTC to seven new addresses, splitting the stolen crypto riches.
Then, on May, 8 and May, 9, the company tweeted that part of the money was moved to more addresses after being split once again. On May, 8, the culprits transferred 1,214 BTC.
As per the Binance CEO, the initial hack was the result of long and patient work, when the culprits managed to get hold of users 2FA codes and other necessary data in bits which later enabled them to hack the hot wallets.
A crypto journalist Amy Castor believes that the cybercriminal is doing that to make the tracking of the funds a hard job to do.
Binance VS Coinbase
In a comment thread under the aforementioned posts, users initiated a brief discussion as to which exchange is more secure Binance or Coinbase? An opinion was expressed that Coinbase guards its funds in a better way.
Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!