$4.2 million worth of XRP tokens stolen during an exploit earlier this week have been identified and suspended, according to Binance CEO Richard Teng.
“We will continue to support Ripple in their investigations and efforts to recover the funds, including closely monitoring the majority of funds still in the exploiter's external wallet when they transfer them to Binance,” Teng wrote in a post on Twitter last night.
Thomas Silkjaer, head of analytics and compliance at the XRP Ledger Foundation, explained that the attack was not against Ripple, the company, or its users' wallets, but rather Ripple co-founder Chris Larson's personal wallets.
It's good news to be sure. But that's a tiny fraction of the $113 million worth of XRP stolen on Wednesday.
Larson said on Twitter at the time that “there was unauthorized access to a few of my personal XRP accounts,” but ultimately clarified that the attack was not against Ripple.
XRP is currently at $0.5049, 1.8% higher than a day ago, according to CoinGecko. The token was down 5% when the news first broke on Wednesday.
Binance has previously worked with law enforcement to track and block funds linked to exploitation. In October, the company suspended accounts that police confirmed had been set up by Hamas and used for fundraising on various social media platforms.
“We are committed to ensuring the safety and security of not only the blockchain ecosystem, but also the global community,” a Binance spokesperson said at the time.
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