A Hacker Is Sitting on 233 Million XRP From the Binance Theft. What Happens if It Gets Sold?
Ripple froze $40 million in linked stablecoin funds, while the stolen XRP remained beyond its reach and traders watched for possible selling pressure.
- 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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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 …
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coin-turk.com
BITRSS🚨 Ripple transferred a total of 310 million XRP in a matter of minutes. 📌 The transactions took place hours after the recent security incident affecting Binance, and $XRP was trading around $1.25. 🧩 Although Ripple stated that it supports the freezing of funds associated with the stolen XRP, the purpose of these transfers remains unclear. Read More: Ripple moved 310 million XRP, questions increased after the Binance incident The article "Ripp…
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