Hackers have exchanged about $50 million worth of stolen XRP for 1,650 Bitcoin using THORChain, according to blockchain analytics firm Elliptic. This activity is connected to the theft of 233 million XRP from Binance, attributed to North Korean state hackers by the FBI. The conversion into Bitcoin suggests hackers aim to secure stolen assets that cannot be frozen by issuers, impacting XRP market sentiment negatively. Ongoing monitoring of further conversions and regulatory responses is expected to influence XRP's price movements.
The recent hack involving stolen XRP converted into Bitcoin adds pressure to XRP's market, which is down 10.21% at Rp21,504 as of Nov 06, 2026 18:31 WIB on Pluang. Bitcoin also shows a decline of 5.65%, trading at Rp1,375,804,455, reflecting broader market caution. XRP's Pluang order activity leans heavily towards selling at 66%, indicating investor wariness following the theft news.
XRP fell 8.3% to $1.20 on November 6, 2026, marking its lowest level since August 20. The decline was triggered by a broad sell-off on Wall Street, especially in tech and semiconductor stocks, which spilled over into the crypto market. Additionally, ...
Ripple CEO Brad Garlinghouse emphasized bipartisan victories for pro-crypto candidates in the recent US elections, citing 67 million Americans using cryptocurrency as a growing constituency. He and Ripple's Chief Legal Officer Stuart Alderoty highlig...
XRP's tradable supply on Binance has tightened, with the scarcity gauge reaching approximately 2.1, the highest since 2022. This indicates a reduced amount of XRP available for trading, despite Binance's total XRP reserves increasing by 280 million i...
Litecoin reignited its rivalry with XRP by posting a provocative joke about no longer being able to use a controversial term for XRP, sparking reactions from XRP supporters. The exchange highlights ongoing tensions between the two crypto communities,...
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty expressed confidence in the future of crypto regulation following the US midterm elections, highlighting bipartisan support for digital assets despite Democrats gaining control of C...
