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Binance hackers swap stolen XRP into Bitcoin via THORChain

Elliptic reportedly says hackers behind the Binance hack swapped 35 million stolen XRP into Bitcoin through THORChain, with about 60 million XRP still held.

XRP (XRP/USDT)
$1.055 +5.2% · 3 mo
$0.988$1.344$1.70015 Aug29 Sep12 NovThis story
Daily candles (UTC). Source: Binance.

What we know

Blockchain analytics firm Elliptic reportedly says the hackers swapped 35 million stolen XRP into Bitcoin via THORChain. About 60 million XRP still sits with the hackers, and THORChain swaps appeared halted again with new deposits refunded (unconfirmed, per an on-chain news account).

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“Binance hackers swap 35 million stolen XRP into Bitcoin via THORChain, Elliptic says”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.