XRP whale net flow on Binance reached -226 million units on October 29, 2.72 times the -83 million recorded in September 2022. CryptoQuant flagged 283 million XRP in large-transfer outflows, while TRM Labs and Elliptic independently traced approximately 233 million XRP transferred from five Binance wallets to an attacker-controlled address. After withdrawals were suspended, large withdrawals above 1 million XRP fell by 94.8% on October 30, before rising to 80 million when Binance began restoring withdrawals in phases on November 1. The breach resulted in an estimated $6.3 billion in stolen digital assets, attributed by the FBI to North Korea and its state-sponsored cybercrime group TraderTraitor, while Binance said it had covered around 95% of the losses.
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