Support from Binance to Ripple, which suffered a $112 million hack!

Ripple February had a bad start and was hit with hack shock.

As you may remember Ripple Co-Founder and Chief Executive Officer Chris Larsen He confirmed the hacking incident and said that XRP was stolen from his personal accounts.

Announcing the hacking incident, ZachXBT said that the hacker sent 213 million XRP worth $112 million to MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC exchanges.

Upon this Binance CEO Richard TengSupport came to Ripple.

Binance CEO announced in an X post that they froze Ripple (XRP) tokens worth $ 4.2 million due to the $ 120 million hack.

While Richard Teng praised the rapid response of both Ripple and the community to the hacking incident experienced by Chris Larsen, Zach stated that XBT’s role in reporting the hacking incident to the exchanges was very important in resolving the hacking incident. “Zach XBT did a great job as always.”said.

“After learning early about the exploit occurring on Ripple, we are happy to say that the Binance team was able to freeze $4.2 Million worth of XRP stolen by the exploiter.

We appreciate both the community’s efforts to flag this to exchanges (great job, as always, zachxbt) and the Ripple team’s efforts to collaborate with us.

We will continue to support Ripple in their investigation and efforts to recover funds; this includes closely monitoring the majority of funds still in the abuser’s external wallets if they deposit funds to Binance.

Our team is dedicated to supporting a secure ecosystem; We therefore encourage projects and users to contact us in such cases.

Stay SAFU!”

After finding out early on about the exploit that occurred at @Ripplewe’re happy to say that the #Binance team has managed to freeze $4.2 Million worth of $XRP stolen by the exploiter.

We appreciate both the communities’ efforts in flagging it to exchanges – as always @zachxbt…

— Richard Teng (@_RichardTeng) February 1, 2024