Binance blocked 4. million dollars worth of Ripple tokens

The hacker behind this exploit did not use cryptomixer services or decentralized exchanges to hide her identity.

Hacking the wallet of one of the founders of Ripple The hacker behind this exploit did not use any mixer service or decentralized exchange. Cryptocurrency exchange Binance blocked 4.2 million dollars of Ripple from the 112 million dollar hack of the personal wallet of Chris Larsen, one of the founders of Ripple on January 31 and made it the biggest hack of 2024.

In a post on social media platform X, Binance CEO Richard Teng revealed that the exchange has blocked the exploiter's address and thanked Zack XBD's chain detective and the Ripple team for their coordination and assistance.Thomas, head of analytics and compliance at the Ledger Ripple Foundation, responded to Teng's post, claiming that the foundation was the first to look into the issue.

There was initial speculation that Ripple had been hacked, with some reports claiming that the Ripple token itself had been hacked. However, Larsen later revealed that it was his personal accounts that were compromised, not Ripple itself.

The hacker behind this exploit did not use cryptomixer services or decentralized exchanges to hide his identity. Recently, most exploiters have stopped using centralized exchanges to avoid the possibility of frozen funds.Zack XBT later revealed that the Ripple attribution for the affected account was labeled as Ripple itself in Ripplescan and Bitump block probes, leading to confusion about the hack.

Ripple co-founder Larsen revealed that some of his personal Ripple accounts were compromised and 213 million Ripples were stolen. Larsen also said that Ripple is negotiating with crypto exchanges to block the user's address and has notified law enforcement agencies.

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