BREAKING: Binance Hacker Begins Massive Sell-Off of Two Altcoins – Cryptonews.net

BREAKING: Binance Hacker Begins Massive Sell-Off of Two Altcoins  Cryptonews.net

Following reports of billions of dollars in suspicious asset outflows from Binance-labeled wallets, selling activity in wallets believed to be under the attacker’s control has come Following reports of billions of dollars in suspicious asset outflows from Binance-labeled wallets, selling activity in wallets believed to be under the attacker’s control has come to light. According to shared records, after $UNI, $PEPE tokens were also traded on the decentralized exchange Uniswap. The screenshot of the $PEPE transaction shows approximately 68.01 billion $PEPE being transferred from an address labeled as a Binance hot wallet to a liquidity pool. The transaction then shows approximately 135.34 WETH being converted to $ETH and sent to the wallet.

The value of the received $ETH is shown in the screenshot as approximately $307.7 thousand. Previously shared $UNI transaction logs showed that exchanges were made in different pools via Uniswap V2, V3, and V4. These included $UNI–$USDT and $UNI–WBTC pools. The initial asset breakdown showed that the tracked outflows included approximately $53.29 million worth of 7.01 million $UNI and $38.91 million worth of 7.77 trillion $PEPE. A total of approximately $5.64 billion in assets were outflowd from Binance-labeled wallets across six blockchains. Of this amount, approximately $3.53 billion was recorded on Ethereum, $1.45 billion on Bitcoin, and $627.83 million on the Tron network. Outflows on Arbitrum, Optimism, and