Binance hacker disperses 233.46 million XRP across six new wallets

AI-assisted source summary · not independently verified. Content standards

The Binance hacker transferred 233.46 million stolen XRP from holding addresses into six new wallets on Monday, completing nine large transfers within eight minutes, valued at approximately $294 million at the day’s price of about $1.26. Native XRP cannot be frozen on the XRP Ledger; Ripple froze the RLUSD associated with the incident, but issuer control applies only to its own stablecoin. On-chain tracking firms said approximately $250,000 of the stolen funds was transferred to Gate within 12 hours.