Hacker wallets hold 18,270 BTC, more than Coinbase's reported corporate stash
Attackers linked to a Binance hack held 18,270 BTC early Friday, which is more than Coinbase's reported corporate holdings. They also held an Ether stash above 500,000 ETH. Large holdings like these could matter to traders if they move or get sold.
Why it matters
- The attacker-held Bitcoin amount is reported to be higher than Coinbase's corporate holdings.
- The attackers also held more than 500,000 ETH, a large Ether position.
- Traders may watch whether these large holdings start moving, since that could affect prices.
What to watch next
Watch for any movement from the attacker-linked wallets and any official response from Binance or Coinbase.
