The $6.4 billion Binance hack — the money is moving now. And XRP is moving fastest.
$XRP is at $1.04, down 1.2% today, on $97M of volume. But the price is not the story — the wallet is.
Elliptic's latest update says the attackers have started moving the loot:
• About $50M of stolen XRP has already been swapped, mostly through THORChain into Bitcoin.
• Around $124M of the stolen funds has now been converted into Bitcoin — about 1,650 BTC sitting in new addresses.
• Still, about $3.1B sits in theft-linked addresses across 20,000+ wallets, and $2.85B has been frozen.
• Binance traced the attack back to a fake job interview in September and a tampered software install in June.
So the money is not sitting still anymore — it is being swapped, chain by chain, in public.
If the attackers can move $50M of XRP in days, what happens when the other $3B starts moving?
Not financial advice.
#XRP #Binance #Crypto
$XRP is at $1.04, down 1.2% today, on $97M of volume. But the price is not the story — the wallet is.
Elliptic's latest update says the attackers have started moving the loot:
• About $50M of stolen XRP has already been swapped, mostly through THORChain into Bitcoin.
• Around $124M of the stolen funds has now been converted into Bitcoin — about 1,650 BTC sitting in new addresses.
• Still, about $3.1B sits in theft-linked addresses across 20,000+ wallets, and $2.85B has been frozen.
• Binance traced the attack back to a fake job interview in September and a tampered software install in June.
So the money is not sitting still anymore — it is being swapped, chain by chain, in public.
If the attackers can move $50M of XRP in days, what happens when the other $3B starts moving?
Not financial advice.
#XRP #Binance #Crypto
