BEARISH 55 The Defiant 2H ago · 1 min read 1 read

Binance Hackers Swap $50 Million in XRP, Mostly Into Bitcoin, Elliptic Says

AI summary

Elliptic reports that hackers tied to the Binance breach swapped $50 million in XRP, mostly converting it into Bitcoin. Bitcoin obtained from other stolen assets nearly doubled in a day to 1,650 BTC, while the main ETH and bitcoin holdings remain untouched. Traders may watch for selling pressure or laundering patterns as the stolen funds move through exchanges.

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