If You Own XRP, Binance Says It Will Pay Everyone Back… Here’s The Catch (BREAKING CRYPTO NEWS)

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What happened in the Binance hack, and is your XRP safe on an exchange? On October 29, 2026, an attacker moved about $6.3 billion out of Binance wallets on ten blockchains in about 20 minutes, including more than 233 million XRP. TRM Labs calls it the largest crypto theft on record and links it to North Korea’s TraderTraitor group. In this video we walk through how it happened, what got frozen, what Binance says it will cover, and the steps XRP holders can take today to protect their coins.

What you’ll learn:
– How the attack started: Binance points to one compromised DevOps engineer’s laptop
– Who TRM Labs and ZachXBT link the theft to
– Why about $3 billion was frozen (stablecoins) while Bitcoin, Ether and XRP could not be
– What Binance’s SAFU fund promise does and does not mean
– Why Mt. Gox and FTX customers waited years to get anything back
– What to do today: no rushed decisions on a red day, exchange account security, and a self-custody plan

Quick answers:
Q: How much was stolen from Binance?
A: About $6.3 billion by Binance’s estimate; TRM Labs puts it at $6.36 billion.
Q: Was XRP taken in the Binance hack?
A: Yes. TRM Labs reports more than 233 million XRP pulled from five Binance wallets.
Q: Can stolen XRP be frozen?
A: No. Issuers can freeze stablecoins like USDT and USDC, but XRP at an attacker’s address cannot be pulled back by Binance.

Chapters:
0:00 What happened at Binance
1:44 How they got in
2:53 Who did it
3:29 The freeze
4:49 What it means for XRP
5:50 Is an exchange safe?
7:21 What to do today
8:39 Your self-custody plan

Sources mentioned: Binance security incident updates (Oct 29-30, 2026), Cointelegraph live coverage, TRM Labs “North Korea Steals USD 6.36 Billion From Binance”, Yahoo Finance (liquidations), Coinbase hourly price data.

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