XRP (CRYPTO:XRP) is down 4.2% in the last 24 hours as of 1:23 p.m. ET on Friday, Oct. 30, after a $6.3 billion hack of Binance -- the largest crypto exchange in the world -- rocks the industry. The S&P 500 and the Nasdaq Composite are down 1.8% and 3.1%, respectively. Hackers emptied Binance hot wallets -- internet-connected wallets exchanges use to keep funds available for everyday trading -- stealing 10 different cryptocurrencies on Thursday night. The group drained $6.3 billion in total, making it the largest crypto theft ever.
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