Surprisingly, the hacker behind the exploit didn’t use any mixer services or decentralized exchanges.
Cryptocurrency exchange Binance froze $4.2 million worth of XRP from the $112 million hack of Ripple co-founder’s personal wallet on Jan. 31., making it the largest hack of 2024.
In an X post, the CEO of Binance, Richard Teng, revealed that they had frozen the address of the exploiter and thanked on-chain sleuth ZachXBT and the Ripple team for the coordination and help.
Thomas Silkjær, the head of analytics and compliance at XRP Ledger Foundation, responded to Teng’s post and claimed XRPLF first investigated the issue, which was later popularized by ZachXBT.
