XRP Hit First in Binance Hack: Five Wallets Drained in About Four Minutes

Crypto Insight Summary: Binance’s wallet breach involved approximately $296 million in XRP transfers, blockchain investigators found. Ripple froze stolen RLUSD during the response, and the exchange subsequently said its XRP customer balances were fully backed. Five Payments Consolidated $296 Million Binance lost approximately $296 million in XRP on Oct. 29, TRM Labs’ transaction tracing found. The blockchain intelligence […] Crypto Insight Analysis: Direction: Bearish XRP / Neutral BNB Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: XRP price may face pressure due to stolen funds, but Binance's response and backing should limit broader market impact.