XRP News Today: Binance Hack Shock, $200M Ripple Freeze and ETF Flows

Bitquery found 233.5M XRP, worth $296M, stolen from Binance and sent to an XRP Ledger address. The funds remain untouched, and Ripple cannot freeze them due to XRP's decentralized nature. Binance will cover losses, and the attacker's identity is suspected but unconfirmed.

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.

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.

A crypto market crash led to $1.54B in liquidations, with Bitcoin, Ethereum, Solana, and XRP seeing the largest losses. The selloff was triggered by a Binance security breach, which affected $6.3B in assets. Binance will cover losses and has suspended deposits/withdrawals. Bitcoin and Ethereum accounted for over half of all liquidations.