Binance Hacker Holds $1.4B in BTC, Exceeding Coinbase’s Treasury
The Binance hacker holds 18,270 BTC, worth about $1.4 billion, across 19 addresses—199 BTC more than Coinbase disclosed in company-owned holdings for investment and operations as of 30 September. The BTC has not moved since 04:48 Beijing time on 30 October. The attacker also holds 508,621 ETH, exceeding the 495,362 ETH held by treasury company The Ether Machine. The attacker initially stole about 200,600 ETH; the remaining ETH was acquired by converting stolen stablecoins and other tokens. The large, unmoved Binance hacker BTC holdings could draw trader attention to potential selling pressure, although no transfers have been reported.
Neutral
The report highlights a large potential source of supply, but it does not describe any active sale or transfer. The BTC has remained unmoved since 30 October, so the holdings alone do not confirm immediate selling pressure. In the short term, traders may monitor the addresses and react to any transfers, which could raise volatility or prompt precautionary selling if funds move to exchanges. Similar high-profile hack-related wallet movements have often triggered sharp market reactions based on perceived liquidation risk, even before sales are confirmed. Over the longer term, the incident may reinforce attention to exchange security and stolen-asset tracking, but its market effect will depend on whether the attacker moves or liquidates the assets. With no confirmed movement in the report, a neutral classification is most appropriate.