#bitcoin-laundering

Binance Hackers Swap About $50 Million of Stolen XRP Mostly Into Bitcoin, Elliptic Says

Hackers involved in the Binance exploit have reportedly swapped approximately $50 million worth of stolen XRP into Bitcoin via THORChain, according to Elliptic. This conversion increases the total converted Bitcoin from the Binance theft to about 1,650 BTC, complicating recovery efforts. The move highlights sophisticated methods used to obscure illicit funds.