Binance Hack: $6.36B Heist Initiated with $296M XRP Transfer
The massive Binance hack involved a meticulously planned 36-hour operation that began with draining $296 million in XRP.
The massive Binance hack involved a meticulously planned 36-hour operation that began with draining $296 million in XRP. XRP (XRP) is trading at ₹119 ($1.25), down 0.8% since this brief published. This is an original Token Times brief based on reporting by CryptoSlate, with live market data added, as of Fri, 30 Oct 2026 08:00:02 UTC.
This incident highlights the sophistication and coordination of modern crypto attacks, as well as the vulnerability of large exchanges despite security measures. The significant XRP movement also impacted market sentiment for that asset.
- Binance hack involved 36 hours of preparation before execution
- Attack began with $296M XRP transfer across 10 blockchains
- Total hack value estimated at $6.36 billion
- XRP price down 3.24% in 24 hours amid market uncertainty
The recent Binance hack, which resulted in the loss of $6.36 billion, was a highly coordinated attack that began with the transfer of $296 million in 
XRP. According to an investigation by blockchain intelligence firm TRM Labs, the attacker spent at least 36 hours preparing for the operation, which was executed on the evening of October 29.
The attack involved the movement of funds across 10 different blockchains, showcasing the complexity and sophistication of the operation. This incident underscores the challenges faced by large crypto exchanges in securing their platforms against well-organized attacks.
The XRP price has been impacted by the news, with a 3.24% decrease in the past 24 hours, reflecting market uncertainty and concerns about the security of digital assets. The broader crypto market is also experiencing a downturn, with 
Bitcoin down 2.07% and the overall market cap at $2.7 trillion.
The Fear & Greed index currently stands at 30, indicating a 'Fear' sentiment among investors. This suggests that the Binance hack has contributed to a more cautious market environment.
Moving forward, it will be important to monitor how exchanges respond to this incident and what measures they implement to prevent similar attacks. The market will also be watching for any further developments related to the stolen funds.
Since this brief published about 2 hours ago, XRP (XRP) has moved from ₹120.07$1.26 to ₹119.12$1.25 — -0.79%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹133.38 (about $1.25), down 3.0% over 24 hours. The rupee itself trades about 12.0% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Binance Hack: $6.36B Heist Initiated with $296M XRP Transfer — questions & answers
How long did the Binance attacker prepare for the hack?
The attacker spent at least 36 hours preparing for the operation.
What was the first step in the Binance hack?
The hack began with the transfer of $296 million in XRP.
How much was stolen in the Binance hack?
The total value of the hack is estimated at $6.36 billion.
How much is 1 XRP worth in rupee today?
About ₹133.38 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.25. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.79% since this brief first published — trading at ₹119 ($1.25) now versus ₹120 ($1.26) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CryptoSlate. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.