Binance Hack: $6.36B Heist Initiated with $296M XRP Transfer After 36-Hour Preparation
A massive Binance hack began with a $296 million XRP transfer following extensive preparation across multiple blockchains.
A massive Binance hack began with a $296 million XRP transfer following extensive preparation across multiple blockchains. XRP (XRP) is trading at $1.26. This is an original TLT brief based on reporting by CryptoSlate, with live market data added, as of Fri, 30 Oct 2026 07:30:03 UTC.
This incident highlights critical vulnerabilities in crypto exchange security and the potential for large-scale coordinated attacks across multiple blockchains, affecting billions in user funds.
- Binance hack involved $6.36B in stolen funds.
- Attack began with $296M XRP transfer.
- Preparation took 36 hours across 10 blockchains.
- XRP price down 3.24% amid security concerns.
The recent Binance hack, which resulted in the theft of $6.36 billion, began with a $296 million 
XRP transfer following 36 hours of meticulous preparation. According to an investigation by blockchain intelligence firm TRM Labs, the attacker initiated the operation on October 28th before executing the transfers the following evening.
The attack was highly coordinated, involving the movement of funds across 10 different blockchains. This level of sophistication underscores the growing complexity and scale of cyber threats in the crypto space.
The incident has raised significant concerns about the security measures employed by major crypto exchanges. The fact that such a large sum could be compromised despite existing security protocols is particularly alarming.
In the broader market context, the total crypto market cap stands at $2.7 trillion, with 
Bitcoin down 2.07% in the last 24 hours. XRP, the cryptocurrency initially targeted in the hack, is currently trading at $1.26, having fallen 3.24% in the past day and 4.69% over the week. The market remains in a state of fear, with the Fear & Greed index at 30.
The development is significant as it exposes potential weaknesses in the security infrastructure of major crypto platforms. Investors and users will likely demand more robust security measures, and regulatory scrutiny may intensify following this incident.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.26 to $1.26 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,734.38 (about $1.26), down 2.6% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Binance Hack: $6.36B Heist Initiated with $296M XRP Transfer — questions & answers
How much was stolen in the Binance hack?
The Binance hack resulted in the theft of $6.36 billion.
What was the initial transfer in the hack?
The hack began with a $296 million XRP transfer.
How long did the preparation for the hack take?
The preparation for the hack took at least 36 hours.
How much is 1 XRP worth in naira today?
About ₦1,734.38 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.26. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CryptoSlate. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.