FeesSafety
Pluang+

$50M stolen XRP converted into 1,650 BTC via THORChain in Binance hack aftermath

Market News
08 Nov 2026, 06:52 WIB
Tokenpost
View Source
Bearish
$50M stolen XRP converted into 1,650 BTC via THORChain in Binance hack aftermath

About $50 million worth of stolen XRP from the Binance hack has been converted into 1,650 Bitcoin (BTC), primarily through the THORChain platform. This conversion is separate from the main Bitcoin and Ether holdings linked to the theft, which remain untouched. The FBI attributes the Binance theft to North Korean state hackers, and the recent movement shows how part of the stolen XRP was exchanged into Bitcoin, changing the form but not increasing the total loss. This highlights ongoing efforts to track and understand the flow of stolen crypto assets.

The recent conversion of about $50 million in stolen XRP into 1,650 Bitcoin provides context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Nov 08, 2026 11:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 13 rose and 36 fell today. Notable movers include BCH (Bitcoin Cash) at Rp4.507.712 with a 1-day change of -4.75% and a typical hold time of 69 days, EGLD (MultiversX) at Rp55.327 with -4.65%, and FIL (Filecoin) at Rp14.193 with -3.62%.

More News

Ethereum Devcon 9 scheduled for Oct 11-13, 2027 in Lisbon, focusing on blockchain development.

Ethereum Devcon 9 scheduled for Oct 11-13, 2027 in Lisbon, focusing on blockchain development.

The ninth Ethereum developer conference, Devcon, will take place in Lisbon, Portugal, from October 11 to 13, 2027. This event gathers blockchain developers and enthusiasts to discuss advancements and innovations in Ethereum technology. It is signific...

Others
Neutral
5 hours ago
McDonald's rated Sell at $280, fair value near $210 amid traffic and cash flow concerns.

McDonald's rated Sell at $280, fair value near $210 amid traffic and cash flow concerns.

McDonald's faces a Sell rating at $280 with a fair value estimated around $210 due to concerns over declining U.S. customer traffic and challenging cash flow assumptions. Although the company reported an 11% rise in adjusted EPS and a 7% increase in ...

Company Fundamentals
Bearish
5 hours ago
XRP Ledger accounts holding over 10M XRP reportedly rose 24% this quarter, but data details are missing.

XRP Ledger accounts holding over 10M XRP reportedly rose 24% this quarter, but data details are missing.

An official claim states that the number of XRP Ledger accounts holding more than 10 million XRP increased by 24% this quarter. However, the report lacks specific figures, dates, data sources, and methodology, making it unclear how the change was mea...

Protocol Fundamentals
Neutral
5 hours ago
Bitcoin drops 5.5% amid US stock sell-off after Democrats win midterms

Bitcoin drops 5.5% amid US stock sell-off after Democrats win midterms

Bitcoin fell 5.5% to $76,036 on November 5 as US stocks declined sharply following Democratic victories in the midterm elections. The S&P 500 dropped 4.36%, its largest single-day fall since April 2025, while the Nasdaq fell 5.52%, entering correctio...

Market News
Bearish
5 hours ago
Paris court convicts ex-employee for stealing 1 billion HLG tokens worth $14M in 2024

Paris court convicts ex-employee for stealing 1 billion HLG tokens worth $14M in 2024

A Paris court sentenced Vitaliy K., a former Holograph Foundation employee, to five years in prison for illegally minting and stealing 1 billion HLG tokens valued at about $14 million in 2024. He was found guilty of fraud, money laundering, and unaut...

Market News
Bearish
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App