Binance hacker's 18,270 BTC, 500,000+ ETH haul tops Coinbase treasury

This amount of Bitcoin surpassed the reported corporate holdings of Coinbase.

Additionally, the perpetrators controlled an Ether stash that exceeded 500,000 ETH.

These figures detail the scale of the assets compromised during the recent cyber incident.

This incident highlights the substantial digital asset concentrations held by both illicit actors and regulated market participants.

Such large-scale holdings underscore the ongoing regulatory scrutiny concerning custodial risk across the digital asset ecosystem.

Earlier coverage

• Crypto selloff wipes out $1.5 billion in leveraged bets on Bitcoin, ether, XRP Oct 30
• Standard Chartered expects crypto pressure after $6.3 billion Binance hack Oct 30
• Binance hack causes crypto market dive, BNB falls 8%, Bitcoin nears $77K Oct 29