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Elliptic Flags First Bitcoin Mixing of Binance Hack Proceeds

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 02/11/2026, 11:27:25 UTC.

Briefings

An analytics firm identified approximately 12,000 wallets across 11 blockchains, revealing a total of $3.24 billion in linked balances. This represents the first Bitcoin mixing operation involving Binance hack proceeds, marking a significant shift in how illicit funds are laundered through cryptocurrency networks.

Key points

• The firm identified 12,000 wallets across 11 blockchains, totaling $3.24 billion in linked balances.
• This is the first Bitcoin mixing operation involving Binance hack proceeds.

Context

Bitcoin mixing allows users to obscure transaction origins, making it difficult to trace illicit funds. The discovery of this specific operation involving Binance hack proceeds indicates a new layer of financial laundering activity.

Limitations

Evidence covers only the identified wallets and balances; it does not specify the identities of the 12,000 wallets or the specific blockchains beyond the 11 listed. The $3.24 billion figure represents linked balances, not necessarily total funds involved.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 02/11/2026, 12:06:53 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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