Elliptic: Binance Hacker Converts About $50 Million in XRP into Other Assets

TechFlow News, November 6, as reported by The Defiant, on-chain analytics firm Elliptic said the Binance hacker has begun swapping stolen XRP, with about $50 million in XRP mostly converted into Bitcoin via THORChain. As of 16:45 Beijing Time on November 6, about $226 million in XRP had not yet been transferred.

Elliptic said Bitcoin obtained from swapping other stolen assets reached about 1650 BTC, worth about $124 million, nearly double the previous day; the increase came mainly from XRP swaps. This portion is separate from the 18270 BTC directly stolen, and the latter, along with the main ETH holdings, have not yet been transferred.

Source: TechFlow