Elliptic Tracks $2.2M in Binance Hack Proceeds Through Bitcoin Mixing
Blockchain analytics firm Elliptic has traced 28 BTC from the recent Binance hack to Bitcoin mixing services.
Blockchain analytics firm Elliptic has traced 28 BTC from the recent Binance hack to Bitcoin mixing services. Bitcoin (BTC) is trading at ₹73,80,969 ($77,627.00), down 0.2% since this brief published. This is an original Token Times brief synthesising 4 outlets (The Cryptonomist, Bitcoin Sistemi, CoinCodex, and others), plus live market data, as of Mon, 02 Nov 2026 13:15:02 UTC.
This development highlights the ongoing challenges in tracking and recovering stolen crypto assets, even with advanced blockchain analysis tools. It also underscores the role of mixing services in obfuscating illicit transactions.
- What's Next for Bitcoin (BTC) After the Binance Hack? Famous Analyst Says "First a Drop, Then a Rise," and Gives a Date! ↗
- Elliptic traces $2.2M of Binance hack funds through Bitcoin mixing ↗
- Bitcoin Tests $78K After Binance Hack Selloff as NEAR Drops 6% ↗
- Bitcoin ETFs Shed $643M After Binance Hack, Worst Day Since June ↗
- Elliptic traced 28 BTC ($2.2M) from Binance hack to Bitcoin mixing services
- Mixing occurred through Wasabi-style coinjoins
- U.S. authorities helped freeze some stolen funds
- Bitcoin's price remains under pressure near $78,000
Multiple outlets confirm that Elliptic identified 28 BTC from the Binance hack being mixed through Wasabi-style coinjoins, marking the first detection of stolen funds being mixed since the October 29 theft. The Cryptonomist provides the most detailed account of the investigation, while Crypto.news adds that U.S. authorities have assisted in freezing some stolen funds. Bitcoin Sistemi focuses on analyst predictions about Bitcoin's short-term price movements rather than the investigation itself.
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- Elliptic Tracks $2.2M in Binance Hack Proceeds Through Bitcoin Mixing — this brief
Blockchain analytics firm Elliptic has traced approximately 28 BTC, worth around $2.2 million, from the recent Binance hack to 
Bitcoin mixing services. The investigation, which began after the October 29 theft, marks the first time Elliptic has detected the use of mixing for the stolen funds.
The mixing occurred through Wasabi-style coinjoins, a method often used to obscure the origin and destination of Bitcoin transactions. This development highlights the challenges in tracking and recovering stolen crypto assets, even with advanced blockchain analysis tools.
The Cryptonomist provides the most detailed account of Elliptic's investigation, while Crypto.news adds that U.S. authorities, including the Secret Service, have assisted in freezing some of the stolen funds. This collaboration underscores the importance of international cooperation in combating crypto-related crimes.
In related news, Binance founder Changpeng Zhao has publicly thanked U.S. authorities for their assistance in the investigation. Meanwhile, Bitcoin Sistemi reports that analyst Markus Thielen predicts Bitcoin could fall to $70,000 in the short term but may rise to $90,000 by the end of the year.
The broader crypto market remains relatively flat, with a total market cap of $2.68 trillion. Bitcoin is currently trading at $77,815, down 0.17% in the last 24 hours and 3.10% over the past week. The Fear & Greed Index stands at 37, indicating a 'Fear' sentiment in the market.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹73,98,844.27$77,815.00 to ₹73,80,968.76$77,627.00 — -0.24%.
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, ₹33.03M 24h volume, resolves Dec 1 — snapshotted when this brief published (Nov 2 12:05 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 ≈ ₹8.11M (about $77,627.00), down 0.4% over 24 hours. The rupee itself trades about 9.9% 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 asset in this story — live, source-stamped, updated every 15 minutes.
Elliptic Tracks $2.2M in Binance Hack Proceeds Through Bitco — questions & answers
What is Elliptic's role in the Binance hack investigation?
Elliptic is a blockchain analytics firm that traced 28 BTC from the Binance hack to Bitcoin mixing services.
How much of the stolen funds have been traced?
Approximately 28 BTC, worth around $2.2 million, have been traced so far.
What is the current status of the investigation?
U.S. authorities have assisted in freezing some of the stolen funds, and the investigation is ongoing.
How much is 1 Bitcoin worth in rupee today?
About ₹8.11M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,627.00. 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 down 0.24% since this brief first published — trading at ₹73,80,969 ($77,627.00) now versus ₹73,98,844 ($77,815.00) 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 The Cryptonomist, Bitcoin Sistemi, CoinCodex, Crypto Economy, 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.