Elliptic: Binance hacker converted approximately 50 million USD worth of XRP into Bitcoin

According to The Defiant, on-chain analytics company Elliptic stated that the Binance hacker has begun to exchange the stolen XRP, with approximately 50 million dollars' worth of XRP mostly converted to Bitcoin through THORChain. As of November 6, 16:45 Beijing time, about 226 million dollars' worth of XRP has not yet been transferred.

Elliptic reported that the Bitcoin obtained from exchanging other stolen assets has reached about 1,650 coins, valued at approximately 124 million dollars, nearly doubling from the previous day, with the increase mainly coming from XRP exchanges. This portion is separate from the directly stolen 18,270 BTC, which, along with the main ETH holdings, has not yet been transferred.