According to blockchain analytics firm Elliptic, hackers tied to the October 29 Binance theft converted approximately 42 million stolen XRP (roughly $50 million) into bitcoin as of November 6, mostly through THORChain. The converted bitcoin from stolen assets nearly doubled overnight to about 1,650 BTC, worth some $124 million, with most of the increase coming from the XRP swaps. About 192 million XRP, valued around $226 million, remained unswapped in addresses linked to the Binance breach. The FBI has attributed the campaign to North Korea's TraderTraitor group.

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