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.
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33 Articles
Hoskinson flags Binance sweeper code in EIP-7702 debate
Cardano founder Charles Hoskinson has warned about “seriously dangerous code” while sharing an analysis that blames Ethereum’s EIP-7702 delegation feature for helping attackers rapidly empty a Binance hot wallet. In his X post, Hoskinson wrote, “Careful, there is some seriously…
It is reported that Ethereum still played a role in the process: the attacker used a protocol function to empty a hot wallet of the stock exchange. Another confirmed point: In parallel, the U.S. oversight used the case for its regulatory plans. In parallel, the U.S. oversight used the case for its regulatory plans. ال ال ار ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ار ال ال ال ال ال ال …
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BizTocA 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.
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