News analysis
CryptoSlate: Binance attacker prepared 36 hours before $296M XRP drain
· By MyCryptoSignal Editorial · 325 words
CryptoSlate reports that the Binance attacker spent at least 36 hours preparing an operation that began with a $296 million XRP drain. According to an Oct. 29 investigation by TRM Labs cited by the outlet, the attacker started on Oct. 28 and then ran coordinated transfers across 10 blockchains the following evening, part of a $6.36 billion exchange hack.
CryptoSlate's account rests on TRM Labs' Oct. 29 investigation. The blockchain intelligence firm traced the preparation window to Oct. 28, at least 36 hours before the transfers executed. The first leg was the XRP drain, valued at $296 million, and the operation then spread across 10 blockchains in a coordinated sequence the following evening. The total figure attached to the exchange hack is $6.36 billion.
CryptoSlate published the summary on Oct. 30. The report does not name entities beyond Binance as affected, and we have not independently verified TRM Labs' figures.
As of 17:17 UTC on Oct. 31, XRP traded at $1.25, up 0.38% over 24 hours. The token has given back 1.08% over seven days and 15.67% over 30 days. Its 24-hour range held between $1.23 and $1.26. RSI sits at 47, our trend reading is down, and support and resistance stand at $1.24 and $1.25, leaving the price near the top of that band.
The wider market was steadier. Total crypto market capitalisation stood at $2.4568 trillion, up 0.21% over 24 hours. Bitcoin dominance was 63.4%, with BTC at $77,492, up 0.23% on the day.
XRP's 30-day decline of 15.67% and its down trend sit alongside a 24-hour gain of 0.38%, leaving the token close to its stated resistance of $1.25. The source's figures describe a preparation window and a multi-chain transfer sequence; our appendix records where XRP traded roughly a day and a half after publication. Those are separate records, and the appendix carries no volume or flow figures that would link them.
Read the full story at CryptoSlate: https://cryptoslate.com/binance-hack-began-with-a-296-million-xrp-drain-after-36-hour-preparation
Data, not advice.
Source: CryptoSlate — see our editorial policy.