Wallet tagged 'Binance Hack 2026' moves 80 million XRP to two unknown addresses
In brief
- Whale Alert flagged two 40 million XRP transfers from a wallet tagged "Binance Hack 2026."
- 80 million XRP, worth about $100.9 million, moved across the two transfers.
- Two separate unknown addresses received the transfers, sent 50 seconds apart.
- U.Today found no sign the funds reached an exchange or were sold.
- Binance said about 95% of affected assets were replenished as of Nov. 1.
Two transfers, 50 seconds apart
Whale Alert's data shows one transfer landed at 03:56 UTC and carried 40 million XRP, worth about $50.46 million. Fifty seconds earlier, the tracker had flagged another 40 million XRP (about $50.44 million) leaving the same wallet. Together that's 80 million XRP, or roughly $100.9 million.
Same sender. Different destinations.
Both transfers came from the wallet Whale Alert tagged "Binance Hack 2026," and each went to a separate address with no known owner. The reason for the moves isn't clear. U.Today reported there's no sign any of the XRP has been sent to a crypto exchange or sold.
Binance's recovery timeline
Binance suffered a security breach on Oct. 29 that led to the loss of about $6.3 billion in crypto from its hot wallets, according to U.Today, and it temporarily paused withdrawals afterward. On Nov. 1, the exchange said it'd restore withdrawals in phases for 15 blockchain networks, including XRP Ledger, Bitcoin, Ethereum, BNB Smart Chain and Solana. The first stage was scheduled for 06:00 to 09:00 UTC that day.
Other networks (Tron, Dogecoin, Zcash, Avalanche, Sui, Polygon and Arbitrum among them) would come back gradually once security and infrastructure checks were done, Binance said.
What Binance says about balances
Binance said XRP balances were already fully backed, and that the same was true for Bitcoin, Ethereum, Solana and BNB. The exchange also claimed that about 95% of affected assets had been replenished as of Nov. 1. It said the remaining 5% is mostly less liquid cryptocurrencies.
That's the backdrop for the XRP transfers, which U.Today said came just days after one of the biggest crypto hacks ever. So who's on the receiving end? Whale Alert's data doesn't say. Both destination addresses are listed as unknown.
