News analysis
Chainalysis links Binance hackers to Solana-to-Bitcoin swaps as Gate freezes two accounts
· By MyCryptoSignal Editorial · 338 words
Cointelegraph reports that hackers tied to the Binance breach have begun converting stolen Solana tokens into Bitcoin, citing Chainalysis. The exchange Gate said it froze two accounts connected to the funds, while US investigators pressed platforms to block transactions linked to a $6.3 billion theft.
According to Cointelegraph, the tracing work comes from Chainalysis, which identified the movement of stolen Solana tokens into Bitcoin. The report names Gate as the platform that froze two accounts linked to the activity. Cointelegraph also states that US investigators urged exchanges and other platforms to block transactions tied to the theft, which the source values at $6.3 billion.
The report was published on 2 November 2026 and carries no named author. Cointelegraph does not say how much of the total has been swapped, which accounts remain active, or whether the frozen balances have been returned. Those details are not part of the source's account.
As of 17:17 UTC on 3 November 2026, Solana traded at $93.39, up 0.07% over 24 hours, inside a range of $90.86 to $93.73. The token has slipped 7.35% over seven days and 23.14% over 30 days. Its 14-period RSI sits at 55.7 with a down trend, support at $93.08 and resistance at $94.80.
Bitcoin changed hands at $77,643, up 0.30% in 24 hours, having moved between $76,303 and $77,708. It is down 3.49% on the week and 8.91% on the month, with an RSI of 54.6, a down trend, support at $77,245.20 and resistance at $77,379.80. Total market capitalisation stood at $2.461 trillion, up 0.39% over 24 hours, with Bitcoin dominance at 63.4%.
The source describes stolen Solana tokens being swapped for Bitcoin and two accounts frozen by Gate. Our figures show Solana down 23.14% over 30 days and Bitcoin dominance at 63.4%, with both assets carrying a down trend and RSI readings in the mid-50s. Those numbers frame where the two assets named in the report sit while investigators and exchanges act on the traced funds.
Read the full story at Cointelegraph: https://cointelegraph.com/news/binance-hackers-solana-new-phase-laundering-chainalysis
Data, not advice.
Source: Cointelegraph — see our editorial policy.