Crypto Influencer Says 18,270 BTC Stolen From Binance May Be Hard to Cash Out

Crypto influencer 土澳大狮兄 said 18,270 Bitcoin (BTC), valued at about $1.4 billion, was taken from Binance and may be difficult to convert into cash quickly, potentially limiting immediate selling pressure from the coins. He argued that fewer mixing services can handle large Bitcoin transfers, while many centralized exchanges require strict identity checks and may cooperate with efforts to freeze funds. Improved blockchain tracing adds another obstacle, he said, making it harder to move and sell the coins without detection.

Source: TokenPost