THE ROUTE IS BEING SHUT DOWN $190 million in stolen XRP has been converted to Bitcoin, mostly via THORChain, according to Elliptic. It was blocked twice: on 11/07, it halted for nearly a day; on 11/10, it halted again, and new deposits were refunded. $64 million (60 million XRP) remains stuck—33 million has lain untouched in the wallet since the beginning. The path is clogged; only two options remain: wait it out, or risk moving through centralized exchanges, where illicit funds are most likely to be frozen. This is merely a money laundering bottleneck—not yet a recovery. The stolen funds have not yet been cashed out. AE speculates they’re either waiting for the route to reopen or risking a different exchange.
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