Roughly Half of Binance-Linked Stolen SOL Moves to a New Address

Whale Alert, a blockchain tracking service, flagged a transfer of 485,270 $SOL-0.06% from a wallet linked to the Binance theft. The tokens were sent to an address that has not been publicly identified and are valued at about $46 million.

Blockchain analytics firms have traced around 970,500 $SOL-0.06% to the original breach. At the time of the attack, that holding was worth close to $96 million. The newly moved batch accounts for about half of it, meaning roughly half of the Solana-based proceeds have now changed hands in one transaction.

The dollar figure is slightly below half of the original value, which indicates that the price of $SOL-0.06% has declined since the theft occurred.

The scale of the breach

Binance said its hot wallets were compromised on October 29, 2026, in an attack that drained roughly $6.3 billion in digital assets. Hot wallets are internet-connected accounts that exchanges use for routine withdrawals, and they are typically the most exposed part of an exchange's infrastructure.

The stolen funds were spread across about ten blockchains, with Ethereum, Bitcoin and Solana all significantly affected. Stablecoins accounted for around $3 billion of the total, and a large share of that was frozen by token issuers, who can lock specific addresses. Native assets such as $SOL-0.06%, $BTC and $ETH lack a central party with that power, which is one reason attackers tend to move them.

The FBI has linked the attack to TraderTraitor, a North Korean state-affiliated group connected to the Lazarus Group.

Recovery and market context

Binance halted withdrawals at about 20:05 UTC on October 29 and began reopening them in stages on November 1, 2026. The exchange has committed to reimbursing affected users through its Secure Asset Fund for Users, known as SAFU. Estimates suggest that 90 to 95 percent of losses have already been covered from company reserves, but most of the stolen assets remain under the attackers' control.

At the time of reporting, $SOL-0.06% traded at about $95.42, down 0.10% over 24 hours and 6.00% over seven days. The transfer itself does not confirm that the tokens will be sold. Any conversion through exchanges, swap services or decentralized platforms would leave on-chain traces that analysts are monitoring.

Key questions going forward include whether the remaining half of the traced $SOL-0.06% moves, whether any funds reach platforms that can freeze assets, and whether authorities announce seizures.