02.11.2026 · Cryptonews

OnchainLens flagged a fresh movement of 120 million TRX, worth roughly 38.8 million dollars, from wallet TL2F4G… to TRBdWq… at 04:01 Turkish time. The coins immediately started splitting across multiple addresses in rapid automated hops.
Researchers describe the pattern as deliberate laundering: funds bounce between the hacker’s own wallets, looping back to previously used addresses before jumping to new ones, all without heavy reliance on mixers.
Earlier moves already cost the thief dearly. Roughly 729 million dollars in stolen USDT were swapped into ETH and TRX at unfavorable rates, resulting in about 119 million dollars lost to slippage. An additional 3.32 million dollars in altcoins were accidentally sent to the NEWT token contract and are now unrecoverable.
Binance has kept roughly 3 billion dollars of the hacker’s assets frozen on-chain.
Based on information from cryptonews.net

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