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Hackers swap $50M stolen XRP for 1,650 BTC via THORChain: Elliptic

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Binance hackers swap $50 million in stolen XRP for 1,650 BTC via THORChain

Blockchain analytics firm Elliptic reported that hackers behind the $6.3 billion Binance breach converted approximately $50 million in stolen XRP into 1,650 BTC using THORChain, nearly doubling their Bitcoin holdings in a day while main ETH and BTC holdings remain untouched.

Nov 6, 2026·2 sourcesCrypto hacksCrypto exchangesAnti-money laundering (AML)CryptocurrenciesBinance hot-wallet breachTHORChain transaction blockingEthereumDeFiThe Five Billion Dollar Binance Hack
Binance hackers swap $50 million in stolen XRP for 1,650 BTC via THORChain
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The Defiant

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