Binance froze $4.2 million worth of XRP tokens stolen from Ripple co-founder
Cryptocurrency exchange Binance has frozen $4.2 million in XRP tokens associated with the hacking of the personal wallet of Ripple co-founder Chris Larsen.
On January 31, on-chain researcher ZachXBT drew attention to suspicious transactions and suggested that hackers stole ~213 million XRP worth $112.5 million from Ripple.
Larsen stated that we are talking about his personal funds. According to him, a day earlier, unknown persons gained unauthorized access to several personal accounts. He noted that it was possible to quickly identify the problem, notify trading platforms of the need to block assets and involve law enforcement officers in the investigation.
Binance CEO Richard Teng thanked ZachXBT and the Ripple team for coordinating efforts to track the stolen tokens. He assured that exchange specialists will continue to monitor the assets remaining in the criminals’ wallets.
