Binance Hackers Swap $50 Million in XRP, Mostly Into Bitcoin, Elliptic Says - The Defiant

Hackers involved in the recent Binance breach have converted $50 million worth of stolen XRP into Bitcoin, according to blockchain analytics firm Elliptic.

Fund Movement

The majority of the XRP has been exchanged for Bitcoin, a move likely aimed at making the stolen funds harder to trace. Elliptic's analysis reveals the hackers' strategy to convert the cryptocurrency.