Binance freezes $4.2m in stolen XRP
An exploit connected to XRP issuer Ripple has crypto exchanges on alert as multiple platforms collaborate to track $112.5 million in stolen assets. Binance CEO Richard Teng said his exchange froze accounts with $4.2 million in Ripple’s XRP siphoned by unknown exploiters late last month. The amount comes to nearly 8.3 million XRP. Teng promised his company would continue working with Ripple and relevant parties to facilitate a thorough recovery. We will continue to support Ripple in their investigations and their efforts to retrieve back the funds, including closely monitoring the majority of funds still in the exploiter’s external wallets in case they deposit to Binance. Richard Teng, Binance CEO You might also like: Ripple’s co-founder confirms $113m theft, XRP down 5% The Binance CEO also extended gratitude to blockchain sleuth ZachXBT, who first flagged the suspicious transactions on Jan. 31, as reported by crypto.news. Zach published findings of a 213 m...