Binance XRP reserves jump by 280 million after $6.34 billion security breach

Binance boosted its XRP reserves by around 280 million tokens within a 48-hour period, effectively reversing much of the decline that followed the company’s $6.34 billion security breach on October 29. This rapid increase comes as the exchange continues to recover and reinforce its reserves after a major theft affected multiple blockchain networks. CryptoQuant analyst Amr Taha reported that Binance’s XRP holdings grew from 2.35 billion on November 3 to 2.63 billion by November 5. This represents an 11.9% rise in XRP reserves, suggesting significant activity in the aftermath of the platform’s security event.

Source: CoinTurk News