Binance hacker moves all 233.46 million stolen XRP, $250,000 reaches Gate exchange

A hacker linked to the Binance breach reportedly shifted all 233.46 million stolen XRP, valued at about $294 million, into six new wallets on Monday. The asset movement has drawn attention due to the immutable and non-freezable nature of native XRP within the XRP Ledger. Ripple , the company behind the XRP payment protocol, cannot intervene to halt transactions involving native XRP. Records from the XRP Ledger show the hacker’s initial holding address began by making six test transfers of 1,000 XRP each at 03:47 UTC.

Source: CoinTurk News