Binance Hacker Swaps $50M in XRP to Bitcoin, Analytics Firm Elliptic Reports

November 6, 2026

Hackers involved in a major Binance security incident have begun moving stolen funds, swapping $50 million in XRP into Bitcoin. Blockchain analytics firm Elliptic reports that while converted Bitcoin reached 1,650 BTC, primary Ethereum and Bitcoin holdings remain untouched.
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