Binance Hackers Convert Stolen Solana to Bitcoin Amid Investigation
Stolen funds from the $6.3 billion Binance hack are being swapped for Bitcoin as exchanges respond to US requests to block transactions.
Stolen funds from the $6.3 billion Binance hack are being swapped for Bitcoin as exchanges respond to US requests to block transactions. Bitcoin (BTC) is trading at ₹74,01,031 ($77,838.00), up 0.2% since this brief published. This is an original Token Times brief synthesising 2 outlets (Cointelegraph, Bitcoin Sistemi), plus live market data, as of Mon, 02 Nov 2026 14:45:01 UTC.
This development highlights the challenges of tracking and containing stolen crypto assets, as hackers attempt to launder funds through conversions to more widely accepted cryptocurrencies like Bitcoin.
- Hackers are converting stolen Solana to Bitcoin after the $6.3B Binance hack.
- Gate exchange froze two accounts linked to the stolen funds.
- US investigators urged platforms to block related transactions.
- Solana price down 0.94% amid the ongoing situation.
Cointelegraph reports that hackers involved in the $6.3 billion Binance theft are converting stolen Solana tokens to Bitcoin, while Gate exchange has frozen two accounts connected to the illicit funds. US investigators have called on crypto platforms to block transactions related to the hack, indicating a coordinated effort to prevent further movement of the stolen assets. No other outlets have reported on this specific development, so the details are currently unconfirmed by additional sources.
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- Binance Hackers Convert Stolen Solana to Bitcoin Amid Investigation — this brief
Hackers responsible for the $6.3 billion Binance theft are reportedly converting stolen 
Solana tokens into 
Bitcoin, according to Chainalysis as reported by Cointelegraph.
In response to the situation, 
Gate exchange has frozen two accounts believed to be linked to the stolen funds. US investigators have urged crypto platforms to block transactions connected to the hack in an effort to contain the movement of the illicit assets.
While the exact methods used by the hackers to convert the stolen tokens are not detailed, the attempt to swap Solana for Bitcoin suggests an effort to move funds into a more liquid and widely accepted cryptocurrency.
The development comes as the broader crypto market remains relatively stable, with Bitcoin experiencing a minor 0.24% decline over the past 24 hours. Solana, however, has seen a more significant 0.94% drop in the same period, potentially influenced by the ongoing situation.
The incident underscores the difficulties in preventing the laundering of stolen crypto assets and the need for enhanced security measures and cooperation between exchanges and law enforcement agencies.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹73,84,391.73$77,663.00 to ₹74,01,031.17$77,838.00 — +0.23%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin reach $80,000 in November?
Crowd-implied probability on Polymarket, ₹33.01M 24h volume, resolves Dec 1 — snapshotted when this brief published (Nov 2 13:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.15M (about $77,838.00), down 0.2% over 24 hours. The rupee itself trades about 10.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Binance Hackers Convert Stolen Solana to Bitcoin Amid Invest — questions & answers
What is the total value of the stolen funds?
The hackers stole $6.3 billion in crypto assets from Binance.
Which exchanges are involved in blocking transactions?
Gate exchange has frozen two accounts, and US investigators are urging other platforms to block related transactions.
Why is Solana's price affected?
Solana's price is likely affected due to hackers converting stolen Solana tokens to Bitcoin, creating selling pressure.
How much is 1 Bitcoin worth in rupee today?
About ₹8.15M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,838.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.23% since this brief first published — trading at ₹74,01,031 ($77,838.00) now versus ₹73,84,392 ($77,663.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointelegraph, Bitcoin Sistemi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.