Binance hacker's Bitcoin stash grows to $124M as stolen XRP gets swapped

The wallet tied to the Binance hack is getting busier. Roughly 1,650 Bitcoin, worth about $124 million, has now been assembled by converting other stolen assets, according to tokenpost.com. That's nearly double what trackers counted a day earlier.

The jump is all about XRP. Most of the fresh Bitcoin came from stolen XRP swapped through THORChain, with about $50 million of it already converted. The rest isn't sitting still: roughly $226 million in stolen XRP has yet to be moved out.

Don't read the $124 million as the whole haul. It only counts Bitcoin bought by swapping other stolen coins, not every asset connected to the theft, per tokenpost.com. The hacker's main Ether and Bitcoin piles haven't budged at all, and those balances stand apart from the BTC built through conversions.

Trackers are keeping three separate ledgers: Bitcoin stacked via swaps, XRP already exchanged, and XRP still waiting. Splitting them out matters, because lumping the totals together would badly overstate how much of the loot has actually been laundered into Bitcoin.

The pattern so far is a slow, deliberate shuffle rather than a panicked dump. With hundreds of millions in XRP still untouched, the conversion total has plenty of room to keep climbing — and every swap adds another hop for investigators to trace.