About $50 million in XRP from an address linked to the Binance hack has been converted to Bitcoin

According to Elliptic monitoring, the address associated with the Binance hack has converted approximately $50 million worth of XRP into Bitcoin, primarily through THORChain; about $226 million worth of XRP has not yet been moved. The Bitcoin obtained from converting other stolen assets nearly doubled within a day to 1,650 BTC, while the main ETH and BTC holdings have still not been transferred.