Jeff Lunglhofer: Coinbase platform is secure; transfers to the compromised Binance wallet have been blocked.

The Binance hackers have sold UNI, ENA, PEPE, LINK, AAVE, ONDO, and WLD, for a total of 70,500 ETH, worth $158.25 million.

During the Binance attack, the price of ETH on Uniswap rose to $2,560 to $2,750, with some transactions exceeding $3,000. Meanwhile, the ETH price obtained by Aave through the Chainlink oracle remained between $2,250 and $2,290. Arbitrageurs exploited this price difference by depositing USDC/USDT into Aave to borrow ETH and then selling it at a higher price on DEXs. Within six hours of the attack, 61 addresses borrowed ETH on the Aave mainnet. The address with the highest profit sold 12,289 ETH at an average price of approximately $2,580, and then bought back 12,314 ETH at an average price of approximately $2,297, making a profit of approximately $3.47 million. The top ten arbitrage addresses collectively profited approximately $6.36 million.

Arkham has flagged the hacker behind the Binance attack and verified 70 on-chain addresses associated with the hacker.

Binance stated that it has verified and frozen approximately $3 billion in assets related to the hack, and the team is working with law enforcement agencies, issuers, blockchain intelligence companies, and industry partners to track down and freeze more assets.

A Binance hot wallet hacker transferred all 74.56 million ARB tokens to address 0x000...0DA0, which Arkham identified as a Kelp DAO hacker. The tokens have not yet been transferred or sold. Kelp DAO suffered an attack on April 18th of this year, losing approximately $292 million worth of rsETH. At the time, the community speculated that the attackers were the North Korean hacking group Lazarus Group.