Binance froze $4.2M of XRP from hack on Ripple co-founder’s wallet.

Cryptocurrency exchange Binance froze $4.2 million worth of XRP from the $112 million hack on Ripple co-founder Chris Larsen’s personal wallet on Jan. 31, making it the largest hack of 2024 so far.

In a post on social media platform X, Binance CEO Richard Teng revealed that the exchange froze the address of the exploiter and thanked on-chain sleuth ZachXBT and the Ripple team for their coordination and help.

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Thomas Silkjær, the head of analytics and compliance at the XRP Ledger Foundation, responded to Teng’s post, claiming it was the foundation that first investigated the issue.