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XRP Hit First in Binance Hack: Five Wallets Drained in About Four Minutes

News.Bitcoin.com
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XRP Hit First in Binance Hack: Five Wallets Drained in About Four Minutes

Binance’s wallet breach involved approximately $296 million in XRP transfers, blockchain investigators found. Ripple froze stolen RLUSD during the response, and the exchange subsequently said its XRP customer balances were fully backed. Five Payments Consolidated $296 Million Binance lost approximately $296 million in XRP on Oct. 29, TRM Labs’ transaction tracing found. The blockchain intelligence […]

Key Takeaways

  1. Binance’s wallet breach involved approximately $296 million in XRP transfers, blockchain investigators found.
  2. Ripple froze stolen RLUSD during the response, and the exchange subsequently said its XRP customer balances were fully backed.
  3. Five Payments Consolidated $296 Million Binance lost approximately $296 million in XRP on Oct.
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Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.