Safety

Binance Hacker's XRP Holdings Decline as Funds Are Swapped to Bitcoin

November 11, 2026, 10:30 PM UTC (3 hours ago) · 1 source · Summarized by CryptoBipto

A hacker linked to a past Binance security breach has reportedly been converting a large stockpile of XRP into Bitcoin, causing the hacker's XRP holdings to drop rapidly. The swaps have been tracked by on-chain analysts monitoring the movement of the stolen funds.

WHY IT MATTERS

When a cryptocurrency exchange is hacked, the stolen funds do not simply disappear.

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SOURCES

cryptoslate.com

XRP

BTCHackingStolen FundsOn-Chain AnalysisBinance Security

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