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A wallet linked to the Binance breach moved approximately USD 101 million in XRP, while US spot Bitcoin ETFs recorded USD 643.3 million in daily withdrawals.
Ripple's RLUSD supply on the XRP Ledger fell 28.7% to approximately 707 million tokens, following a net reduction of around USD 284.4 million.
A whale purchased 27,553 ETH worth nearly USD 63 million, while BTCPay Server warned operators about unauthorized withdrawals affecting older installations.
The crypto market saw major developments as a hacked wallet from Binance moved around USD 101 million in XRP, while RLUSD stablecoin supply fell 28.7% on XRP Ledger. Amid the market dip, an Ethereum whale bought USD 63 million worth of ETH, and Bitcoin ETFs recorded USD 643 million in Outflows following the Binance hack.
A cryptocurrency wallet linked to Binance's USD 6.3 billion security hack transferred 80 million XRP, worth approximately USD 100.9 million, to two unidentified addresses on November 2, marking the first major movement of stolen assets. Blockchain monitoring service Whale Alert recorded the second transfer at 03:56:21 UTC, exactly 50 seconds after another 40 million XRP left the same wallet.
Each transaction was valued at around USD 50.5 million. The transfers came just a day after Binance resumed cryptocurrency withdrawals and reported replacing about 95% of the assets affected by the attack. Both transactions originated from the XRP Ledger address rK21t6nGLy4MNDqhvy3pGwcLFy25qgfzMx, labeled ‘Binance Hack 2026’ by Whale Alert.
Ripple's RLUSD stablecoin recorded a sharp supply contraction on the XRP Ledger at the end of October, with around USD 284 million disappearing from circulation in a single day.
DefiLlama recorded a 28.7% decline in RLUSD supply on XRPL to approximately 707 million tokens. However, blockchain observations showed that one sampled trading pool lost less than 1% of its XRP reserves while its RLUSD holdings actually increased.
The divergence comes shortly after XRPL reported USD 1.03 billion in stablecoin supply at the end of the third quarter. An analysis by Coindaro shows approximately 306.4 million RLUSD returned through 12 large payments, partially offset by 22 million newly issued tokens. The resulting net reduction was approximately USD 284.4 million.
A big whale scooped up nearly USD 63 million worth of ETH during the latest market dip. The aggressive buy comes as ETH trades below USD 2,300. On-chain analytics platform Lookonchain reported that the whale accumulated 27,553 ETH over five hours at an average price of USD 2,286.
The wallet’s rapid buying spree followed an earlier purchase of 16,658 ETH using nearly USD 38 million in USDC. The address continued adding to its position, bringing the total purchase value to more than USD 62 million. The activity also shows the investor is willing to deploy substantial capital while Ethereum remained under pressure.
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BTCPay Server has warned users to shut down their payment servers after receiving reports of attackers gaining unauthorized access to older installations and draining funds from connected Bitcoin hot wallets.
In a November 2 security alert, the open-source Bitcoin payment processor said it was investigating reports of unauthorized wallet withdrawals and asked operators to temporarily shut down their instances using the ./btcpay-down.sh script.
The warning initially applied to all users while the team worked to determine how attackers were gaining access. A subsequent investigation narrowed the suspected attack vector to installations running version 2.4.1, released on July 23, 2026, or earlier.
Bitcoin ETFs posted their largest daily withdrawal in four months on Friday, as investors reacted to the record-breaking Binance security breach. According to SoSoValue, the Bitcoin ETFs recorded USD 643.3 million in net outflows. Despite the sharp decline, the weekly total was notably smaller at USD 202.6 million in net outflows.
The retreat came one day after hackers drained roughly USD 6.3 billion from Binance hot wallets, an attack that the FBI attributed to North Korean hackers. Market participants appeared to shift into a more cautious stance, with Bitcoin ETFs becoming one of the clearest examples of investors reducing risk exposure following the incident.
After withdrawals resumed, the exchange reported approximately USD 3.64 billion in net outflows during the first nine and a half hours of restored services.
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1. What happened to the XRP stolen in the Binance hack?
A wallet linked to the Binance security breach transferred 80 million XRP, valued at approximately USD 100.9 million, on November 2. The funds moved through two transactions of 40 million XRP each to unidentified addresses.
2. Why did Ripple's RLUSD stablecoin supply decline by 28.7%?
RLUSD supply on the XRP Ledger dropped to approximately 707 million tokens following substantial token returns. According to the cited analysis, around 306.4 million RLUSD was returned, partially offset by 22 million newly issued tokens.
3. How much Ethereum did the whale purchase during the market dip?
According to Lookonchain, a major cryptocurrency wallet accumulated 27,553 ETH at an average price of approximately USD 2,286. The purchases totaled nearly USD 63 million, indicating significant buying activity while Ethereum traded below USD 2,300.
4. Why did BTCPay Server issue a security warning?
BTCPay Server received reports of unauthorized access and Bitcoin withdrawals from connected hot wallets. Its investigation identified installations running version 2.4.1 or earlier as potentially affected and advised operators to take precautionary measures.
5. Why did Bitcoin ETFs record USD 643 million in outflows?
According to SoSoValue, US spot Bitcoin ETFs experienced USD 643.3 million in net withdrawals on October 30, following the reported Binance security breach. The withdrawals coincided with heightened market uncertainty, although the data does not establish that the hack directly caused every redemption.
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