It appears that the BTC from the Binance hack is now being moved around to new addresses. The transactions are continuing to be sent out in smaller and smaller amounts, from one account to the next. Amy castor, a block-chain analyst, answers why the BTC is being moved so quickly with such a high rate of activity:
“Money laundering 101: breaking the transactions up into smaller and smaller amounts making them more and more difficult to track”
It is amazing that with the modern technology we have, people can be able to see and watch the movement of the stolen cryptocurrency but there is nothing we can do about. The technology we are employing is helpless in stopping the said movement...this is one thing I realized that no matter how advanced we are essentially we are still limited and sometimes powerless. This is akin to watching people being murdered while your hands and feet are tied. Such is the irony of a society relying so much in technology.
First of all, it was a big shock that Binance security was breached. Hearing this for the first time since the incident, its sad that all we can do is just sit and watch as they take advantage of the loop holes despite the technology we have. Isn't there a possibility that this can be traced and stopped? Are we ever get to the that stage in tech where cases like these can be resolved be with ease? #developers
