XRP Hit First in Binance Hack: Five Wallets Drained in About Four Minutes

Binance’s wallet breach involved approximately $296 million in XRP transfers, blockchain investigators found. Ripple froze stolen RLUSD during the response, and the exchange subsequently said its XRP customer balances were fully backed. Binance lost approximately $296 million in XRP on Oct. 29, TRM Labs’ transaction tracing found. The blockchain intelligence firm investigates illicit cryptocurrency activity. It stated: Onchain analytics firm Glassnode reported the same order , posting on X: “XRP went first, then SOL shortly after, then BTC, ETH, USDT and TRX.” Blockchain analytics platform Arkham placed the attacker’s first $300 million on XRP , ahead of $6 billion moved…

Source: Bitcoin.com News