$4.2 million of $112 million hacked Ripple tokens, Caught and frozen on Binance

The Cryptocurrency market saw its significant hack of 2024 on January 31,when $112.7 million of Xrp was ripped off of Ripple CEO , Chris Larsen’s wallet.

These fund was moved to various centralized exchange such as Binance, OKX,MEXC, Gate.io, Kraken, HTX, and HitBTC.

LIVE CRYPTO RATES FOR TODAY

Name Price24H (%)
Bitcoin(BTC)
$63,847.15
0.55%
Ethereum(ETH)
$3,096.65
-0.29%
XRP(XRP)
$0.497399
-0.14%
Cardano(ADA)
$0.459981
-0.33%
Bitcoin Cash(BCH)
$490.86
-3.46%
Litecoin(LTC)
$80.07
2.37%
Monero(XMR)
$122.22
-0.96%
IOTA(IOTA)
$0.223094
0.74%
Dash(DASH)
$28.33
-0.58%
NEM(XEM)
$0.036037
-0.40%

An alarm was later raised by CEO Larsen over the hack but this was yet to be disclosed on until,Blockchain investigator, ZachXBT alarmed the public on it.

This narrative gave lots of ringing meanings to the public on the hack,many wondered if it was a hack or an insider job , As the claimed hack operation, took over 10hours and seemed to be performed manually.

Even ZachXBT doubted this hack claim as he proved that the affected account was tagged as ripple on Xrpscan block and Bithomp.

On affirming this , Xrp team informed all exchanges of the hack which had occured in order for them to keep watch and monitor huge inflows .

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Fortunately, CEO of binance exchange posted on Twitter , Proclaiming that $4.2 million of Xrp hacked funds has been caught and frozen on binance.

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Exchangely, Teng thanked the Xrp team and block chain investigator , ZachXBT for their coordination and assistance.
Other exchanges are yet to spot and report addresses involved in the hack but of a truth, binance is a rescue team to this hack.
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Updated: February 6, 2024 — 2:18 am

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