Elliptic: Binance hacker accelerates transfer of XRP, approximately 51000000 USD swapped for BTC via THORChain

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Elliptic: Binance hacker transfers 51000000 USD worth of XRP, most converted to BTC via THORChain

BlockBeats news, November 8, according to blockchain analytics firm Elliptic, the Binance hacker has accelerated XRP money laundering activities. Approximately 44000000 XRP (approximately 51000000 USD) were transferred out from related addresses, with the majority swapped into BTC via THORChain. Currently, approximately 148000000 XRP remain, valued at approximately 173000000 USD, mostly held in 3 of the 6 addresses that received funds on November 2. The relevant funds in these 3 addresses have not moved since then.

Mixing activity has also increased. Overnight, approximately 53 BTC (approximately 4000000 USD) entered Wasabi-style mixing transactions, most of which was BTC recently redeemed by THORChain. The cumulative scale of mixing through this method has reached approximately 88 BTC, valued at approximately 6700000 USD.

Regarding NEAR, approximately 412,000 NEAR (approximately 1500000 USD) were transferred out from the main account in small batches. Currently, approximately 2300 BTC, valued at approximately 175000000 USD, formed from exchanges of other stolen assets, are stored in new Bitcoin addresses. The attacker's primary BTC and ETH holdings remain unmoved.

Original link https://m.theblockbeats.info/flash/376159

Key points

Elliptic disclosed that approximately 44000000 XRP (approximately 51000000 USD) were transferred out from related addresses, with the majority exchanged for BTC via THORChain.
There are still about 148000000 XRP remaining, worth approximately 173000000 USD.
Overnight, approximately 53 BTC (approximately 4000000 USD) entered Wasabi-style coin mixing transactions, bringing the cumulative total to approximately 88 BTC (approximately 6700000 USD).
Approximately 412,000 NEAR (about 1500000 USD) was transferred out from the main account in small batches.
Approximately 2300 BTC, valued at approximately 175000000 USD, formed from the exchange of other stolen assets, are stored in new Bitcoin addresses.
The attacker's main BTC and ETH holdings remain unmoved.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a report on the transfer of stolen crypto assets. Some XRP was exchanged for BTC, some BTC entered mixing transactions, and the relevant addresses still have unmoved assets.

Why it matters to readers

Fund transfers and coin mixing can increase the difficulty of tracing, freezing, or recovering stolen assets.

XRP, BTC, and NEAR are different crypto assets; mixing transactions makes it harder to trace the source and destination of funds.

Risks and unknowns

The information was disclosed by BlockBeats citing Elliptic, and there is no independent verification in the evidence.
The evidence does not indicate whether the relevant BTC has been sold.
The evidence does not indicate whether the stolen assets have been frozen or recovered.

Elliptic: Binance hacker accelerates transfer of XRP, approximately 51000000 USD swapped for BTC via THORChain

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