Binance Hackers Swap $50 Million in XRP, Mostly Into Bitcoin, Elliptic Says
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Binance hackers have swapped roughly $50 million worth of stolen XRP, converting most of it into bitcoin, according to Elliptic. The bitcoin accumulated from other stolen assets nearly doubled in a single day to 1,650 BTC, while the main ether and bitcoin holdings remain untouched. The move matters because it shows the attackers actively rebalancing a multibillion-dollar stash rather than holding it passively, which can influence market flows and complicate recovery efforts. Watch whether the untouched ETH and BTC reserves are also rotated, and whether further XRP conversions add to bitcoin selling or holding pressure.
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Binance, Bitcoin (BTC), XRP (XRP), Elliptic
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