On-chain data attributed to Lookonchain shows the Binance hacker converting SOL to BTC via RelayProtocol, with 486,970 SOL ($46.4M) moved in the past hour, roughly half of a 970K SOL ($95.9M) stash. The author views this as the laundering phase of the $6.3B Binance breach, expecting SOL sell pressure and a future BTC overhang. Separately, Binance's SAFU Fund moved its full 7,500 BTC ($581M) to a newly created wallet. The author reads this as custody reorganization rather than imminent selling, but flags any later exchange deposit as a bearish signal.

AI summary of the linked source — not editorial content.

Story signal · how it spread on X · via Elfa

as of
Spread
i
Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
23 accounts

first post
Leviathan +21.5 h later

BNB reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
+1.0% 24h after post

$707.28 → $714.13
BTC +0.7% same window

SOL reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−0.4% 24h after post

$95.66 → $95.23
BTC +0.7% same window

BTC reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
+0.7% 24h after post

$77,388 → $77,942
Elfa measured +0.5% 1d · still measuring

Thread · 2 events · last update 31 Oct 14:55
  1. First reportBinance expects partial deployment of its SAFU fund within 24 hours5 acc.
  2. UpdateBinance SAFU fund moves about 7,500 BTC to an unidentified address18 acc.
  3. Leviathan published this article

All times UTC.

Cited posts

  • @DeItaone *Walter BloombergFirst reportOn X ↗

    BINANCE: PARTIAL DEPLOYMENT OF THE SECURE ASSET FUND FOR USERS (SAFU) EXPECTED TO HAPPEN OVER THE NEXT 24 HOURS

  • @Investingcom Investing.comOn X ↗

    *BINANCE: PARTIAL DEPLOYMENT OF THE SECURE ASSET FUND FOR USERS (SAFU) EXPECTED TO HAPPEN OVER THE NEXT 24 HOURS *BINANCE ON HACK: WE REMAIN ON TRACK TO REOPEN WITHDRAWALS WITHIN OUR PREVIOUSLY STATED TIMEFRAME (ON SUNDAY, 2026-11-01)

  • @StackerSatoshi Satoshi StackerOn X ↗

    Binance just moved 7,500 $BTC from their SAFU fund.

Show 3 more cited posts
  • @VexTxs VexOn X ↗

    7500 BTC sent from the SAFU fund now https://t.co/VRqJzAQze8

  • @JA_Maartun MaartunnOn X ↗

    Binance moved 7,500 BTC of their SAFU Funds 👍 https://t.co/0LfygGGYmM

  • @lookonchainOn X ↗

    Binance SAFU Fund transferred 7,500 $BTC($580.88M) to a new wallet an hour ago.https://t.co/X8lEduIwFw

17 more accounts posted about this · 5 Telegram channels (no public link)

TradersTrader calls tracked by Elfa · not advice

Positioning · BNB

Open489 open positions · 448 long · 41 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 1 Nov 11:51 UTC.

Reaction since the first post

Since 31 Oct 14:39 UTC8 calls opened · 6 long · 2 short

Whole crypto market, not this story

Crowding0th percentile · vs last 28 days, 50 typical
Pulse 24h14/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book96.8% long · 10,746 accounts

As of 1 Nov 12:05 UTC.

Social-monitoring data, not investment advice Elfa prices Hyperliquid post text from Xas of

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