Binance Theft: $3.1B Remains Unmoved as Hackers Shift XRP

Blockchain analytics firm Elliptic estimates that approximately $3.1 billion of the $6.4 billion taken in the reported Binance theft remains in wallets linked to the attackers. Despite some movement among the proceeds, most of the identified bitcoin and ether has stayed in place, according to Bitcoin.com, Crypto Economy and Decrypt. The figure is independently consistent across all three outlets’ coverage.

The attack network is broad even though the movement of assets is limited. Elliptic has linked the activity to more than 20,000 wallets across 16 blockchains, with Crypto Economy counting 36 services in the funds’ movement chain. Bitcoin.com reports that hackers have started transferring stolen XRP and converting additional cryptocurrency into bitcoin, while Decrypt says the bulk of the stolen ETH and BTC remains unmoved.

The three outlets agree on the roughly $3.1 billion still held in linked wallets and on the scale of the infrastructure used by the attackers. Their emphasis differs: Bitcoin.com focuses on the new movement involving XRP and conversions into bitcoin; Crypto Economy adds that the untouched holdings are primarily bitcoin and ether and reports approximately $2.85 billion frozen or seized; and Decrypt stresses that the main pools of ETH and BTC have not shifted. No outlet identified in the supplied coverage contradicts the shared $3.1 billion estimate.

Elliptic’s findings describe an ongoing process rather than a completed transfer of the stolen assets. Crypto Economy identifies the attack as the October incident, while the broader reporting indicates that the remaining funds were still linked to wallets more than a week after the theft. The involvement of 16 blockchains, 36 services and more than 20,000 wallets complicates any attempt to move the full balance through one channel.

The wider crypto market was flat, with total capitalization at $2.62 trillion and the Fear & Greed index at 28, indicating fear. Bitcoin traded at $75,855, down 0.48% over 24 hours and 1.06% over seven days, with a $1.53 trillion market capitalization. XRP was weaker at $1.19, falling 4.51% over 24 hours and 4.39% over seven days, while its market capitalization stood at $75.31 billion. The next points to monitor are whether more of the identified wallets move, whether conversions into bitcoin accelerate, and whether additional assets are frozen or seized; the available figures do not establish how either side of the theft will develop.