Express

Binance Has Frozen $4.2 Million Worth of XRP From Ripple Co-founder’s Stolen Funds

Mary Liu

Summary: According to a tweet posted on X by new Binance CEO Richard Teng, the Binance team has successfully frozen $4.2 million worth of XRP, which was part of the 213 million XRP that was stolen from the personal account of Ripple co-founder Chris Larsen. Binance said it will continue to support the follow-up investigation and ...

According to a tweet posted on X by new Binance CEO Richard Teng, the Binance team has successfully frozen $4.2 million worth of XRP, which was part of the 213 million XRP that was stolen from the personal account of Ripple co-founder Chris Larsen.

Binance said it will continue to support the follow-up investigation and work to help recover the funds, including closely monitoring the majority of the remaining funds in the attacker’s external wallet to prevent deposits to Binance.

On January 31, Chris Larsen posted on social media that his personal XRP account (unofficial) had been stolen and law enforcement had intervened in the investigation.

Last Update:

Tags: ,,,
Link: Binance Has Frozen $4.2 Million Worth of XRP From Ripple Co-founder’s Stolen Funds   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 3 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 4 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 7 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 8 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 10 days ago

    • You need to login to comment.