Binance's $6.3B Hack Hits XRP Ledger First: Where Did 233.5M XRP Go?

On October 29, 2026, a hacker stole approximately $6.15 billion from Binance in 31 minutes, one of the largest crypto heists. The attacker exploited Binance's systems to approve withdrawals, draining hot wallets across nine blockchains. Binance initially estimated losses at $6.3 billion, but blockchain analytics firm BitOK traced transactions to $6.15 billion.

XRP trading volume surged 120% to $4.73B after a $6.3B Binance hack, but its price fell 2.6% to $1.25. The broader crypto market also declined, with $1.55B in liquidations, including $36.7M in XRP. The hack and market sentiment contributed to the downturn, with XRP's near-term outlook dependent on support at $1.25.

Hackers moved $300M in XRP from Binance in a security breach, part of a $6.3B loss across multiple blockchains. The attack involved multiple Binance wallets sending XRP to a single address in four minutes. Binance linked the breach to a compromised DevOps engineer's laptop and identified North Korean hackers as suspects. The exchange is working to recover funds and cover user losses.

Bitcoin fell 4.5% to $76,664, and BNB dropped 7.1% after a $6.3B hack at Binance, the world's largest crypto exchange. Binance claims user funds are safe and losses will be covered. Analysts attribute the attack to North Korean hackers, but expect limited market impact.

XRP dropped 8% after a Binance hack, with Ripple freezing $200M linked to the incident. The coin rebounded to $1.25, while U.S. XRP funds saw $8.43M inflows. Binance confirmed a compromised laptop was involved and promised an updated Proof of Reserves.

Binance confirmed a security breach, with $6.3B impacted and $3B frozen. The company will cover losses. BTC, ETH, and XRP saw pullbacks of 5.5%, 7.0%, and 6.5% respectively. XRP's pullback is testing key support levels, with potential for a correction rather than a bearish trend.