Other▼ Bearish● Important

Stolen Solana Tokens Reportedly Moving Into Bitcoin After $6.3B Theft

TradingGain Newsroom·2h ago·02 Nov 2026, 12:40 UTC

Chainalysis reports that hackers behind a $6.3 billion theft have started swapping stolen Solana tokens for Bitcoin. Exchange Gate froze two linked accounts, and US investigators have urged platforms to block transactions tied to the theft. For traders, the conversion of these tokens may add pressure on Solana and could lead to tighter controls across exchanges.

BTCAt the time of writing, Bitcoin traded at $77,778 (-0.1% in 24h).Live price →

Why it matters

Chainalysis says the stolen Solana tokens are now being converted into Bitcoin.
Gate froze two linked accounts, showing exchanges are moving against the stolen funds.
US investigators want platforms to block transactions tied to the $6.3 billion theft.

What to watch next

Watch whether other exchanges freeze linked accounts or block transactions tied to the theft, and whether Solana trading shows selling pressure.

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This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.