The Defiant reports that hackers who stole $50 million from Binance have converted most of it into Bitcoin. They swapped XRP for Bitcoin, increasing their Bitcoin holdings to 1,650 BTC in just one day. Meanwhile, their main holdings in Ethereum and Bitcoin remain untouched. This activity raises concerns about the security of cryptocurrency exchanges and the ongoing challenges in tracking stolen assets.
Based on the The Defiant report; not independently verified.
Source published: Fri, 06 Nov 2026 11:06:26 GMT
[Read the original report](https://thedefiant.io/news/hacks/binance-hackers-swap-50-million-in-xrp-mostly-into-bitcoin-elliptic-says)
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