Elliptic estimated that XRP holdings linked to Binance's October hack had fallen to about 60 million tokens by Nov. 10. Elliptic reported that another approximately 35 million XRP passed through THORChain overnight, with nearly all converted into Bitcoin. XRP fell 24% over the previous 30 days, but the laundering evidence does not establish whether the attacker's conversions caused that decline. Elliptic estimated that the wider laundering operation had likely converted only a negligible amount into cash.