On-Chain Tally Values Movable Binance Theft-Linked Crypto at $3.1 Billion

An on-chain tally puts wallets linked to the suspected Binance hot-wallet theft at about $3.1 billion in movable crypto, including about 492,000 Ether (ETH), well above the directly stolen total of about 197,460 ETH.

The directly stolen amount includes a later 2,000 ETH transfer. The larger estimate also counts Ether obtained by swapping stablecoins and other tokens, along with ETH borrowed from Aave. The tally lists 18,270.2 Bitcoin (BTC), worth about $1.4 billion, $282 million in XRP, $226 million in TRON (TRX), $91 million in Solana (SOL) and $50 million across 33 smaller tokens.

The BTC is spread across 19 addresses, 17 of which hold 1,000 BTC each. The tally identified no BTC sale or exchange deposit. Binance has not confirmed the attribution of the BTC, XRP or SOL balances.

Stablecoin issuers blocked substantial amounts: Tether (USDT) froze about $1.38 billion on Ethereum and $313 million on Tron, while Circle froze about $823 million in USD Coin (USDC). Binance put verified freezes at about $3 billion in an earlier update.

About $300 million in Tron-based USDT was converted into roughly 638 million TRX before Tether froze the remaining balance. Those TRX had not moved.