Binance Hacker Converts $95.9M SOL To Bitcoin Via Relay Protocol & Dumps 130+ Altcoins

• Binance hacker converted ~486,970 SOL ($46.4M) to Bitcoin via Relay Protocol within a single hour
• Earlier, 130+ altcoins on Ethereum networks were liquidated, yielding approximately $279M
• One disastrous PROM sale worth ~$5M through Uniswap V2 returned just $71 due to thin liquidity
• On-chain trackers Lookonchain & Arkham Intelligence are monitoring all hacker wallet movements in real time

On-chain intelligence firm Lookonchain tracked rapid fund movements from wallets linked to the Binance hacker on November 1, 2026, revealing a multi-stage conversion strategy across different blockchains.

SOL Converted To Bitcoin Via Relay Protocol

Hacker-linked wallets held 970,522 stolen SOL, valued at approximately $95.9 million. Within just one hour, 486,970 SOL, roughly $46.4 million and about half the total stolen SOL, was moved and converted into Bitcoin via Relay Protocol, a cross-chain bridge identified through transaction path analysis by Arkham Intelligence.

The Binance hacker is swapping the stolen 970,522 $SOL ($95.9M) for $BTC.

In the past hour, the hacker moved 486,970 $SOL ($46.4M) and is now swapping $SOL for $BTC through @RelayProtocol.

https://t.co/2a9Oz59mn0 https://t.co/fSPdkstlxp

— Lookonchain (@lookonchain) November 1, 2026

130+ Altcoins Liquidated For $279M

Prior to the SOL conversions, the attacker systematically sold more than 130 altcoins held across Ethereum-compatible networks. These liquidations yielded approximately 123,400 ETH ($277.26 million) and 1.69 million USDC, bringing the combined proceeds to nearly $279 million.

$5M Trade Backfires, Returns Just $71

The liquidation was not without costly mistakes. A sale of 908,793 PROM tokens, valued at close to $5 million, was executed through a Uniswap V2 liquidity pool.

The Binance hacker made a $5M mistake while dumping altcoins!

The hacker sold 908,793 $PROM (worth ~$5M) into a nearly empty Uniswap V2 liquidity pool and received just 0.0316 $ETH ($71).

https://t.co/3DNdmFjvRp https://t.co/l0llpzyjSi

— Lookonchain (@lookonchain) November 1, 2026

Due to the extremely thin trading volume in that pool, the massive order moved the market catastrophically, returning just 0.0316 ETH, approximately $71, in exchange for the near-$5 million worth of tokens.

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