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Ripple froze $40.5M in stolen RLUSD after Binance hack but couldn't freeze $296M in XRP.

Market News
31 Oct 2026, 14:41 WIB
Coinpaper
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Bearish
Ripple froze $40.5M in stolen RLUSD after Binance hack but couldn't freeze $296M in XRP.

Following Binance's $6.3 billion security breach, Ripple successfully froze $40.5 million in stolen RLUSD tokens linked to the attackers, preventing further unauthorized withdrawals. However, Ripple could not freeze $296 million worth of native XRP stolen in the same hack because XRP lacks issuer-controlled freezing mechanisms. This incident highlights the difference between regulated stablecoins like RLUSD, which can be restricted by issuers, and native cryptocurrencies like XRP that offer stronger resistance to unilateral freezes but complicate recovery of stolen funds. The case underscores the trade-offs between security controls in stablecoins and the decentralized nature of cryptocurrencies.

XRP trades at Rp22.628 on Pluang as of Oct 31, 2026 18:51 WIB, showing a slight 0.01% increase in 1 day. The market cap stands at Rp1.432,96 trillion with a 24-hour volume of Rp37,18 trillion. Despite the hack incident, XRP maintains steady trading activity, with 53% of orders buying and a typical hold time of 73 days on Pluang.

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