Binance attacker moves $292 million in XRP into six wallets, raising sell-off risk
AI summary
The attacker behind the Binance exploit has split $292 million in XRP across six wallets, and none of the recipients have made outgoing payments yet. Native XRP cannot be frozen by Ripple, so exchanges are the main point where the funds could be intercepted. Traders holding XRP or watching exchange security will care because the movement raises the risk of a large liquidation attempt and renewed scrutiny of Binance's controls.
