Elliptic tracking shows that about 1,650 BTC (approximately $124 million) in funds stolen from Binance have moved to new Bitcoin addresses, nearly twice the amount from the previous day.
The increase mainly came from XRP-to-BTC swaps on THORChain: of the 233 million XRP the hackers spread across six new addresses on November 2, about 42 million (approximately $50 million) have been transferred out, leaving about 192 million (approximately $226 million). A small amount of ETH was also swapped for Bitcoin through the same channel on the evening of November 5.
· What’s confirmed is the swapping and consolidation of funds. The remaining XRP has not moved, so its next destination cannot be inferred.
Are you more interested in the remaining 192 million XRP, or in where the BTC in the new addresses is going?
The increase mainly came from XRP-to-BTC swaps on THORChain: of the 233 million XRP the hackers spread across six new addresses on November 2, about 42 million (approximately $50 million) have been transferred out, leaving about 192 million (approximately $226 million). A small amount of ETH was also swapped for Bitcoin through the same channel on the evening of November 5.
· What’s confirmed is the swapping and consolidation of funds. The remaining XRP has not moved, so its next destination cannot be inferred.
Are you more interested in the remaining 192 million XRP, or in where the BTC in the new addresses is going?
