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Altcoins & DeFi

XRP Final Move: Binance Empties Hacked Wallet of Last $101 Million

Image: U.Today

The compromised hot wallet of the Binance exchange has been completely emptied. Blockchain tracker Whale Alert recorded two identical transactions of 40 million XRP each (around $101 million in total), which went to a new address 50 seconds apart. This is the platform's corporate address rK21t6nGLy4MNDqhvy3pGwcLFy25qgfzMx . After the October 29 attack, the wallet received an official red "Reported as hacked" label in network explorers. As a result of this final transfer, the address's balance dropped to 23.7 XRP (around $30) — the exchange fully removed the remaining funds, moving them to new internal wallets. This transfer effectively closes activity on the vulnerable address and is a planned technical consolidation of the remaining balances. The transfer of assets followed a large-scale cross-chain attack on Binance that began on October 29.

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