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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...

The Lazarus Group, known for its cybercriminal activities, has shifted its focus to Garantex, an OFAC-sanctioned exchange, to trade stolen assets for bitcoin (BTC).  This move comes despite significant efforts from various stakeholders, including on-chain monitor Elliptic, exchange partners, and the wider community, to freeze the stolen funds held in Atomic Wallet. After a significant and successful cross-community effort between @elliptic, many of our exchange partners and friends to freeze stolen @AtomicWallet funds, Lazarus have now turned to OFAC-sanctioned Exchange, Garantex, to trade their assets for BTC… pic.twitter.com/5Lk9DeGjr8 — Elliptic Investigations (@Elliptic_Inv) June 12, 2023 The Lazarus Group, a state-sponsored hacking group with alleged links to North Korea, has a long history of conducting high-profile cyber attacks targeting cryptocurrency exchanges, financial institutions, and other lucrative targets. In this instance, their attention has tur...