Posted 2/2/2024, 8:40:00 AM
Binance Freezes $4.2M in Stolen XRP From Executive's Personal Wallet After $120M Crypto Heist
- Binance froze $4.2M in XRP tokens tied to this week's $120M exploit
- Tokens were apparently stolen from a wallet belonging to Ripple Labs Executive Chairman Chris Larsen
- Larsen said his "personal XRP accounts" were breached, not Ripple itself
- 213M XRP tokens were siphoned out of a large wallet on the XRP Ledger blockchain
- Funds were subsequently laundered through Binance, Kraken, OKX and other exchanges