Binance Hacker Moves All $293M in Stolen XRP as $242M Slips out Through Tron
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
The Binance hacker has moved all 233.46 million stolen XRP, worth approximately $293 million, into six new wallets on the XRP Ledger (XRPL) after the funds sat untouched for roughly 80 hours. The attacker's holding address began sending test payments of 1,000 XRP to the six new wallets at 03:47 UTC, followed by the full transfer of the stolen holdings. The movement comes as roughly $242 million of the stolen funds has already slipped out through the Tron network, suggesting the hacker is actively dispersing and potentially laundering the proceeds across multiple chains. The development matters because it signals the hacker is accelerating efforts to move and obscure the trail of funds stolen from Binance, raising recovery challenges for the exchange and its users. Watch for further transfers of the XRP through mixers, cross-chain bridges, or exchanges, as well as any response from Binance, law enforcement, or on-chain sleuths tracking the funds' next destinations.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
Named in this story
XRP (XRP), Binance, Tron (TRX)
A linked name opens that asset's sentiment page.