Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says
By Micah Zimmerman
AI summary of the source article
Hackers linked to the Binance theft have converted about $50 million of stolen XRP mostly into bitcoin via THORChain, according to Elliptic. Around 192 million XRP remains unswapped, with the FBI attributing the exploit to North Korea's TraderTraitor group.
Why it matters
Swapping XRP into bitcoin continues that logic: bitcoin is harder to claw back once it is fragmented across fresh addresses.
Key facts
- Hackers swapped roughly 42 million stolen XRP (about $50 million) mostly into bitcoin via THORChain.
- The FBI attributed the Binance drain, which totaled $6.34 billion on Oct. 29, to North Korea's TraderTraitor group.
- About 192 million XRP, worth roughly $226 million, remains unswapped in addresses linked to the attack.
Source excerpt · Bitcoin Magazine
Bitcoin Magazine Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says About 42 million stolen XRP, worth roughly $50 million, has been swapped mostly into bitcoin via THORChain, Elliptic said, lifting converted bitcoin from the Binance theft to about 1,650 BTC. This post Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says first…