Binance hacker spreads 233.46 million stolen XRP over six wallets Ripple has no power to freeze

The hacker behind the Binance breach moved 233.46 million stolen XRP into six new wallets on Monday. At Monday’s XRP price of about $1.26, the coins were worth roughly $294 million. The XRP had been sent to a holding address from five Binance wallets on Oct. 29 in about four minutes; the large transfers emptied that address in nine payments between 03:52 and 04:00 UTC, leaving 23.7 XRP. Because native XRP has no issuer that can freeze it, Ripple’s freeze of stolen RLUSD tied to the breach could not apply to these coins; ledger data Tuesday showed none of the six wallets had sent funds out.