A Hacker Is Sitting on 233 Million XRP From the Binance Theft. What Happens if It Gets Sold?
- On Thursday, a hacker breached Binance and consolidated 233 million stolen XRP into a single wallet, valued at approximately $297 million.
- Attackers emptied Binance hot wallets, stealing 10 different cryptocurrencies and draining $6.3 billion in total—the largest crypto theft ever recorded.
- Ripple froze about $40 million in Ripple USD linked to the theft, but cannot freeze the stolen XRP, leaving exchanges as the only line of defense.
- XRP dropped 3.3% over 24 hours, reaching $1.25 on October 30, 2026, while the stolen assets equal roughly 7.5% of daily trading volume.
- Trading below its 20-day average of $1.32, 50-day average of $1.40, and 200-day average of $1.28, XRP remains the only major cryptocurrency below its long-term trend line.
13 Articles
13 Articles
Why XRP Is Sinking Today
The biggest crypto heist on record started with XRP, and while Ripple could freeze its stablecoin, it couldn't do a thing about the stolen XRP -- which is a big part of why I think investors should stay away from the token.
A Hacker Is Sitting on 233 Million XRP From the Binance Theft. What Happens if It Gets Sold?
The post A Hacker Is Sitting on 233 Million XRP From the Binance Theft. What Happens if It Gets Sold? appeared first on 24/7 Wall St..On October 29, 2026, a hacker breached Binance and moved 233.46 million XRP (CRYPTO:XRP) into a single wallet, valued at approximately $297 million, according to blockchain analytics firm Nansen. This situation has many XRP holders concerned about how the price might be affected if the hacker decides to sell. XRP …
The crypto market reacts with price losses to a large hacker attack. And: Leila Al-Serori, co-head of the political department at the Handelsblatt, reports by Chancellor Merz's Asia trip.
The Allora team has released a new statement today regarding the ALLO tokens seized in the Binance security incident. According to the team, none of the ALLO tokens obtained by the attacker were sold or moved from the attacker's wallets to other addresses. The statement indicates that the emergency protection mechanism in the ALLO smart contract was activated as soon as the tokens were detected. Following this process, the attacker was prevented…
Allora Freezes Stolen ALLO Tokens, Begins Full Binance Recovery
Allora has frozen ALLO tokens linked to Binance’s security breach and begun returning the affected assets to the exchange. The project confirmed on X that its network and token contract remain secure, while holders outside Binance were unaffected. It added that the attacker cannot move, sell or use the frozen tokens. Allora’s emergency contract safeguard […] Read The Full Article Allora Freezes Stolen ALLO Tokens, Begins Full Binance Recovery On…
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