Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says

According to blockchain analytics firm Elliptic, hackers involved in the Binance theft have converted approximately $50 million worth of stolen XRP, specifically 42 million XRP, primarily into Bitcoin. This conversion process was conducted using THORChain. Following these swaps, the total volume of Bitcoin resulting from the Binance theft now amounts to roughly 1,650 BTC. The report detailing these movements was originally published by Bitcoin Magazine and authored by Micah Zimmerman.