Binance hackers move stolen XRP and bitcoin as $3.1B remains unlaundered
AI summary
Blockchain analytics firm Elliptic reports that hackers behind the $6.4 billion Binance theft have started moving stolen XRP and converting more crypto into bitcoin, with roughly $3.1 billion in assets still largely untouched more than a week after the attack. About 42 million tokens are reportedly involved in the movement. Traders care because on-chain laundering of this scale can create sell pressure and volatility across BTC, XRP and BNB while raising exchange-security concerns.
