Binance Hackers Convert Stolen Solana to Bitcoin as Gate Freezes Accounts
Crypto exchange Gate has frozen accounts linked to the $6.3 billion Binance hack as hackers begin swapping stolen Solana for Bitcoin.
Crypto exchange Gate has frozen accounts linked to the $6.3 billion Binance hack as hackers begin swapping stolen Solana for Bitcoin. Bitcoin (BTC) is trading at $77,821.00, up 0.2% since this brief published. This is an original TLT brief synthesising 2 outlets (Cointelegraph, Bitcoin Sistemi), plus live market data, as of Mon, 02 Nov 2026 14:15:02 UTC.
This development highlights the ongoing challenges of tracking and containing the world's largest crypto theft, as hackers attempt to launder funds through various cryptocurrencies and exchanges.
- Gate has frozen two accounts linked to the $6.3B Binance hack.
- Hackers are converting stolen Solana to Bitcoin to evade tracking.
- US investigators are urging platforms to block related transactions.
Cointelegraph reports that crypto exchange Gate has frozen two accounts connected to the $6.3 billion Binance hack, while US investigators are urging other platforms to block transactions related to the theft. The hackers are reportedly converting stolen Solana tokens into Bitcoin in an attempt to evade tracking and laundering efforts.
- Solana Trader Moves $414K to Binance After $8.23M Profit
- Binance Hackers' Bitcoin Holdings Exceed Coinbase Treasury
- Binance Hackers Quickly Converted Stolen Stablecoins to Unfreezable Crypto
- Solana Approaches Oversold Levels Amidst FBI's North Korea-Linked Binance Hack Probe
- Binance Resumes Solana Token Withdrawals After Security Incident
- Gate.io Takes Action Against Two Accounts for Alleged Spoofing
- Binance Hackers Convert Stolen Solana to Bitcoin as Gate Freezes Accounts — this brief
The aftermath of the massive $6.3 billion Binance hack continues to unfold as crypto exchange 
Gate has frozen two accounts linked to the theft. This action comes as US investigators urge cryptocurrency platforms to block transactions connected to the stolen funds.
According to Chainalysis, hackers are actively converting the stolen 
Solana tokens into 
Bitcoin. This move is likely an attempt to obscure the trail of the stolen assets and make them more difficult to trace.
The stolen funds, initially in the form of Binance's BNB token, were converted to other cryptocurrencies, including Solana, as part of the laundering process. The conversion to Bitcoin further complicates the tracking efforts by authorities.
The total crypto market remains relatively stable despite this ongoing situation, with a market cap of $2.67 trillion. Bitcoin is currently trading at $77,663, down 0.24% in the last 24 hours, while Solana has seen a 0.94% drop in the same period, trading at $93.93.
The broader market remains in a state of 'Fear' according to the Fear & Greed Index, which currently stands at 37. This indicates that while the hack is significant, it has not yet caused widespread panic in the market.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $77,663.00 to $77,821.00 — +0.20%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin reach $80,000 in November?
Crowd-implied probability on Polymarket, $347.19K 24h volume, resolves Dec 1 — snapshotted when this brief published (Nov 2 13:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦107.22M (about $77,821.00), down 0.1% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Binance Hackers Convert Stolen Solana to Bitcoin as Gate Fre — questions & answers
What is Gate doing about the Binance hack?
Gate has frozen two accounts linked to the $6.3 billion Binance hack.
Why are hackers converting Solana to Bitcoin?
Hackers are converting Solana to Bitcoin to make the stolen funds harder to trace.
What is the current status of the investigation?
US investigators are urging platforms to block transactions related to the theft.
How much is 1 Bitcoin worth in naira today?
About ₦107.22M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $77,821.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.20% since this brief first published — trading at $77,821.00 now versus $77,663.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Cointelegraph, Bitcoin Sistemi, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.