Binance hacker moves $798K in SOL into Privacy Cash mixer

An address tied to the Binance hot-wallet breach sent 8,567 SOL into a Solana-based privacy pool, according to Onchain Lens A wallet linked to the Binance hacker has sent 8,567 SOL into Privacy Cash, a privacy mixer on the Solana blockchain. That stack was worth approximately $798,000 at the time of the transfer. On-chain analytics account Onchain Lens flagged the move on November 3. The goal appears to be laundering stolen funds. What happened on-chain Onchain Lens says the deposit came from an address tied to the October 29 Binance hot-wallet hack. Hot wallets are the internet-connected wallets exchanges use for day-to-day withdrawals. The 8,567 SOL did not go to another exchange or a fresh personal wallet. It went into Privacy Cash, a tool built to break the visible link between where money comes from and where it ends up. Onchain Lens says it is tracking additional addresses that show mixer activity, which suggests this deposit is one piece of a wider laundering effort rather than a one-off move. How a mixer like Privacy Cash works Crypto mixers work by having users deposit funds into a shared pool, and later withdraw to a different address that has no obvious on-chain connecti...