Binance XRP Outflows Explode to 226 Million as Whale Activity Reaches Levels Last Seen in 2022

Binance’s XRP whale net flow, a measure of large-holder flows, hit -226 million units on October 29, 2.72 times the -83 million recorded in September 2022. As a security breach unfolded that day, CryptoQuant flagged 283 million XRP in large-transfer outflows; TRM Labs traced 233.46 million XRP from five Binance wallets to an attacker-controlled address, while Elliptic reported roughly 233 million XRP in related transfers. The breach resulted in an estimated $6.3 billion in stolen digital assets, the largest crypto heist in history. The FBI later confirmed North Korea was behind the attack and linked it to the state-sponsored cybercrime group TraderTraitor; Binance said it had covered about 95% of the stolen assets and would absorb all losses.