XRPL Validator Highlights Crypto Security Advantage Amid Binance Hack
An XRPL validator argues that the Binance hack demonstrates the security benefits of native crypto assets like XRP over non-native stablecoins.
An XRPL validator argues that the Binance hack demonstrates the security benefits of native crypto assets like XRP over non-native stablecoins. Ethereum (ETH) is trading at $2,255.62. This is an original TLT brief based on reporting by The Crypto Basic, with live market data added, as of Sat, 31 Oct 2026 19:15:03 UTC.
The incident underscores the differing security profiles of native cryptocurrencies and non-native stablecoins, potentially influencing future adoption and risk assessments in the crypto market.
- Binance hack prompts shift from stablecoins to native assets like ETH.
- Native crypto assets seen as more secure against issuer interference.
- RLUSD, with $2.42B supply, represents the non-native stablecoin category in question.
- Binance Pauses Withdrawals Amid Suspected $3.3B-$5.8B Security Breach
- Binance Hack: $6.36B Heist Initiated with $296M XRP Transfer After 36-Hour Preparation
- Crypto Market Faces Pressure Amid Binance Hack and Bearish Sentiment
- XRPL Validator Highlights Crypto Security Advantage Amid Binance Hack — this brief
- Crypto Market Shudders Amid $6.3B Binance Hack and $1.5B Liquidations
- Binance Hack Triggers Ethereum Ecosystem Fee Surge to April Highs
- Binance Hack Triggers $1.55B in Crypto Liquidations Amid Market Turmoil
In the aftermath of the $6.28 billion Binance hack, XRPL validator Vet has pointed out a crucial distinction between native cryptocurrencies and non-native stablecoins. According to Vet's analysis, the hacker deliberately converted stolen stablecoins into native assets like 
Ethereum to prevent the assets from being frozen by the issuers.
This strategic move highlights a perceived security advantage of native cryptocurrencies, such as 
XRP and ETH, over non-native stablecoins like RLUSD. The incident suggests that in the eyes of the hacker, native assets offer greater protection against external interference, such as issuer-imposed freezes.
The RLUSD stablecoin, with a circulating supply of $2.42 billion according to DeFiLlama, represents the category of non-native stablecoins that Vet argues are more vulnerable to such interventions. In contrast, native assets like ETH and XRP operate under decentralized protocols that do not allow for unilateral freezing of funds.
The broader crypto market remains relatively stable, with 
Bitcoin showing a modest 24-hour gain of 0.76% and Ethereum up by 0.69%. XRP has also seen a slight increase of 0.95% in the same period. The Fear & Greed index remains at 30, indicating a 'Fear' sentiment among investors.
This development may prompt further discussions about the security and reliability of different types of crypto assets. Investors and stakeholders may increasingly consider the implications of asset freezing and the relative security of native versus non-native cryptocurrencies in their investment decisions.
Since this brief published about 30 hours ago, Ethereum (ETH) has moved from $2,253.88 to $2,255.62 — +0.08%.
The chart plots ETH'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 ETH ≈ ₦3.10M (about $2,255.62), up 1.1% over 24 hours. The naira itself trades about 2.3% 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 assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 31, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRPL Validator Highlights Crypto Security Advantage Amid Bin — questions & answers
Why did the Binance hacker convert stablecoins to ETH?
To avoid the risk of asset freezing by stablecoin issuers, as highlighted by XRPL validator Vet.
What is the circulating supply of RLUSD?
RLUSD has a circulating supply of $2.42 billion, according to DeFiLlama.
How does this affect the perception of native vs non-native crypto assets?
The incident suggests native crypto assets are perceived as more secure against issuer interference.
How much is 1 Ethereum worth in naira today?
About ₦3.10M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,255.62. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.08% since this brief first published — trading at $2,255.62 now versus $2,253.88 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Crypto Basic. 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.