Lookonchain
Wallet 0x4885 withdrew 257.6 ETH, valued at $692,000, and 545,000 USDT from Binance. It swapped the USDT for another 200.2 ETH, then sent all 457.9 ETH, worth $1.23 million, to a wallet identified as belonging to the Bitget hacker.
Why it matters
The transaction moved funds from Binance into the hacker-linked wallet after converting the USDT to ETH. The transfer consolidates the reported value in a single asset and destination, but the seed does not establish whether the funds were subsequently moved or sold.
Market impact
The reported transfer is a security and fund-tracing development, not evidence of a broad ETH market move. The key detail to watch is whether the 457.9 ETH remains at the recipient wallet or is transferred again.
Frequently asked questions
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How much ETH reached the wallet linked to the Bitget hacker?
The wallet received 457.9 ETH, valued at $1.23 million in the report.
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How did wallet 0x4885 assemble the 457.9 ETH?
It withdrew 257.6 ETH from Binance and swapped 545,000 USDT for another 200.2 ETH before transferring the combined balance.
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How much was the ETH withdrawn directly from Binance worth?
The 257.6 ETH withdrawal was valued at $692,000.
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What happened to the 545,000 USDT?
Wallet 0x4885 swapped the 545,000 USDT for 200.2 ETH.
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Does the report say whether the funds were later sold or moved?
No. It reports the transfer of 457.9 ETH to the hacker-linked wallet but does not state whether the funds moved again or were sold.
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