Binance Freezes $4.2M from XRP Co-founder’s Wallet? 😮
In the largest crypto #hack of 2024, Binance froze $4.2 million from Ripple co-founder Chris Larsen's personal wallet.
The breach targeted Larsen's accounts, not Ripple itself. The hacker, bypassing crypto mixers and decentralized exchanges, stole 213 million XRP (worth $112.5 million). Binance's CEO acknowledged the freeze, crediting on-chain sleuth #ZachXBT and Ripple's assistance.
Confusion arose as the XRP block explorers initially tagged the exploit to #Ripple . Larsen, coordinating with exchanges and law enforcement, aims to freeze the exploiter's address.
Despite Binance's action, others like OKX and Kraken are yet to reveal any fund freezes. The incident underscores ongoing security challenges in the crypto space.
