Bitcoin.com News reports that Binance experienced a wallet breach on October 29, resulting in the loss of approximately $296 million in XRP. Blockchain investigators from TRM Labs traced the transactions, revealing that five wallets were drained in about four minutes. In response, Ripple froze the stolen RLUSD, and Binance assured customers that their XRP balances were fully backed.
AI-assisted source briefing. Based on the Bitcoin.com News report; not independently verified.
Source published: Sun, 01 Nov 2026 03:15:09 +0000
[Read the original report](https://news.bitcoin.com/security/xrp-hit-first-in-binance-hack-five-wallets-drained-in-about-four-minutes/)
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