News
Ripple transfers $389 million worth of XRP after Binance hack
Ripple moved a total of 310 million XRP, valued at over $389 million, in three transactions on Friday, October 30, when XRP was trading around $1.25. The first transfer sent 120 million XRP (about $150.57 million) to an unknown wallet, followed by transfers of 90,000,001 XRP ($112.96 million) and 99,999,999 XRP ($125.56 million) from unidentified wallets. The moves occurred hours after Ripple announced it was assisting Binance in addressing a recent exploit that resulted in stolen XRP. The purpose of the transfers has not been disclosed.