Binance came to the aid of Ripple co-founder Chris Larson by freezing $4.2 million in stolen XRP after a hacker targeted his wallet. This move by Binance aimed to prevent further misuse of the funds. In another incident, three individuals have been linked to the $400 million hack of crypto exchange FTX in 2022, with suspicions suggesting it was part of a sim-swap attack. Meanwhile, Polygon Labs has recently laid off 19% of its workforce in an effort to enhance overall performance. The XRP market ticker has experienced a dip, down to $0.50.

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