Hackers begin dumping altcoins on-chain for ETH following suspected Binance hack

On October 30, according to Lookonchain, the hacker behind the suspected Binance theft has begun swapping tokens such as PEPE, UNI, and LINK for ETH on-chain.

Data from Lookonchain shows the hacker currently holds a variety of altcoins, including approximately 217 million ENA (worth roughly $39.51 million), approximately 7.58 trillion PEPE (worth roughly $34.41 million), approximately 2.575 million LINK (worth roughly $28.07 million), approximately 128,000 AAVE (worth roughly $15.90 million), approximately 74.56 million ARB (worth roughly $11.54 million), and approximately 1.94 million UNI (worth roughly $12.62 million), along with other tokens such as ONDO, WLD, FUN, ZAMA, ZRO, and RSR, each valued between $5 million and $9 million. Lookonchain noted that these assets may face significant sell pressure.

previously reported that the suspected stolen amount in this incident exceeds $5.8 billion, with approximately 40% of the stablecoins already frozen.