Binance Hack’s Bitcoin Sits Unspent Across 19 Addresses
· security · Sentiment: bearish
The 7,000 BTC stolen in the 2019 Binance hack remains completely unspent, distributed across 19 distinct addresses more than five years later. Blockchain data confirms none of the funds have moved despite multiple market cycles and heightened law-enforcement scrutiny. The consensus across reporting indicates the thief continues to hodl the stolen Bitcoin, with no signs of laundering or liquidation. This implies that a significant portion of the hack’s proceeds may never re-enter circulation, permanently removing liquidity and serving as a long-term reminder of unresolved exchange security failures.