XRPL Validator Highlights Crypto's Native Asset Advantage Amid Binance Hack
An XRPL validator argues that the Binance hack demonstrates the superiority of native crypto assets over non-native stablecoins.
An XRPL validator argues that the Binance hack demonstrates the superiority of native crypto assets over non-native stablecoins. Ethereum (ETH) is trading at ₹2,13,221 ($2,242.69). This is an original Token Times brief based on reporting by The Crypto Basic, with live market data added, as of Sat, 31 Oct 2026 10:15:01 UTC.
The incident underscores a key debate about the security and control mechanisms of native cryptocurrencies versus non-native stablecoins, potentially influencing future adoption trends.
- Binance hack highlights preference for native crypto assets over non-native stablecoins.
- Attacker converted $6.28B to native assets like ETH to avoid asset freezing.
- RLUSD, a non-native stablecoin, has a $2.42B circulating supply.
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- XRPL Validator Highlights Crypto's Native Asset Advantage Amid Binance Hack — this brief
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In the aftermath of the $6.28 billion Binance hack, XRPL validator Vet has pointed out a significant trend in the attacker's behavior: the conversion of stolen stablecoins into native crypto assets like 
Ethereum. This move was likely strategic, as it allowed the hacker to avoid the risk of asset freezing by centralized issuers.
Vet's analysis, shared on X, emphasizes the distinction between native cryptocurrencies and non-native stablecoins. While native assets offer more autonomy and security from issuer intervention, non-native stablecoins like RLUSD, with a circulating supply of $2.42 billion, remain subject to potential control measures by their issuers.
This incident has sparked a broader discussion about the inherent advantages and vulnerabilities of different types of digital assets. The hack, one of the largest in crypto history, has highlighted the importance of understanding the structural differences between native and non-native digital assets.
In the current market context, with the total crypto market cap at $2.67 trillion and 
Bitcoin trading at a 24-hour decrease of 0.84%, the incident underscores the ongoing debate about asset security and control in the crypto space. Ethereum, which the hacker favored, is currently priced at $2240.99, while 
XRP is at $1.25.
The implications of this development are significant for the future of stablecoins and the broader crypto market. As the industry continues to evolve, the incident may influence how users and institutions perceive the security and reliability of different types of digital assets.
Since this brief published about 21 hours ago, Ethereum (ETH) has moved from ₹2,13,058.92$2,240.99 to ₹2,13,220.55$2,242.69 — +0.08%.
The chart plots ETH'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 ETH ≈ ₹232,118.42 (about $2,242.69), up 0.9% over 24 hours. The rupee itself trades about 8.9% 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 assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 31, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
XRPL Validator Highlights Crypto's Native Asset Advantag — questions & answers
Why did the Binance hacker convert funds to Ethereum?
The conversion to Ethereum likely aimed to avoid asset freezing by centralized issuers, leveraging the autonomy of native crypto assets.
What is RLUSD and why is it relevant?
RLUSD is a non-native stablecoin with a $2.42 billion circulating supply, highlighting the contrast with native assets in terms of control and security.
How does this impact the crypto market?
The incident may influence perceptions of asset security, potentially impacting adoption and investment trends in native versus non-native digital assets.
How much is 1 Ethereum worth in rupee today?
About ₹232,118.42 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,242.69. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.08% since this brief first published — trading at ₹2,13,221 ($2,242.69) now versus ₹2,13,059 ($2,240.99) 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 The Crypto Basic. 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.