According to ChainCatcher, Richard Teng, CEO of Binance, said on the X platform that after discovering that the personal wallet of Ripple co-founder Chris Larsen was exploited as early as possible, the Binance team has successfully frozen $4.2 million worth of XRP stolen by the exploiter. Binance will continue to support Ripple's investigation and efforts to recover funds, including closely monitoring most of the funds still in the exploiter's external wallet to prevent them from being deposited in Binance.

Earlier news, ZachXBT said that Ripple was suspected of being hacked, resulting in the theft of about 213 million XRP, worth about 112.5 million US dollars; Chris Larsen responded that the hacker attack was on a personal account, not Ripple, and law enforcement agencies have intervened.