Binance Freezes $4.2M in Stolen XRP Linked to Ripple Co-founder

The cryptocurrency exchange Binance has frozen $4.2 million worth of XRP stolen from Ripple co-founder Chris Larsen's personal wallets.

Binance CEO Richard Teng confirmed the exchange froze $4.2 million worth of XRP stolen from Ripple co-founder Chris Larsen's personal wallets.
Ripple is leading the investigation into the $112 million XRP theft, supporting efforts to retrieve the funds.
The XRP Ledger Foundation initially notified Larsen of the attack, which targeted his personal accounts, not Ripple's corporate wallets.
Law enforcement has been contacted, and exchanges used to launder the stolen XRP, including Binance, have been made aware of the attack.
The theft began on Jan. 30, with the majority of the stolen funds still in the exploiter's external wallets.