Binance CEO Richard Teng confirmed that the exchange froze $4.2 million worth of XRP stolen from Ripple co-founder Chris Larsen. 

“We will continue to support Ripple in their investigations and their efforts to retrieve back the funds, including closely monitoring the majority of funds still in the exploiter’s external wallets in case they deposit to Binance,” Teng said in a post on X. 

The attack was initially publicly disclosed by on-chain detective ZachXBT. Ripple didn’t immediately respond to requests for comment about the attack’s disclosure.

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