Hackers swap fifty million dollars of stolen XRP into bitcoin

CryptoVideos brief
Built from 3 sources 6 Nov 2026 · 14:53 UTC 1 min read Main editor: Earl Jacobson

Hackers tied to a large Binance theft swapped about $50 million of stolen XRP mostly through THORChain. Blockchain analytics firm Elliptic reported that the converted amount reached 1,650 BTC. Main holdings of stolen Ethereum and Bitcoin remain untouched. The FBI linked the incident to North Korean state hackers.

Key points

Hackers swapped about $50 million of stolen XRP mostly through THORChain into bitcoin.
The converted bitcoin amount reached 1,650 BTC according to blockchain analytics firm Elliptic.
The main holdings of stolen Ethereum and Bitcoin remain untouched.

Why it matters

The ongoing conversion of stolen assets through decentralized liquidity protocols highlights challenges in freezing funds that issuers cannot control.

Price context · XRP

At publication

$1.19

Now

$1.19

Change since

+0.00%

7 days · dashed line = publication

Sources · 3 publishers

The Defiant Tier 1 First report 11:06 UTC

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

Crypto Briefing Tier 2 11:14 UTC

Hackers swap $50M stolen XRP for 1,650 BTC via THORChain: Elliptic

Bitcoin Magazine Tier 1 14:50 UTC

Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says

Coverage timeline

Nov 6, 11:06First reported by The Defiant
Nov 6, 11:14Also reported by Crypto Briefing
Nov 6, 14:53CryptoVideos brief published

How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error