Binance Helps Freeze $7M in Stolen Bitcoin, Two Suspects Identified

In a significant development in the cryptocurrency security landscape, Binance has assisted in freezing approximately $7 million worth of Bitcoin stolen from a long-standing U.S. crypto holder. The stolen funds, part of a larger $330 million theft, were tracked and secured with Binance’s pivotal role. The stolen BTC was quickly moved across multiple exchanges and converted into Monero (XMR) in an attempt to obscure the trail. The victim, an elderly American, fell prey to the sophisticated theft. Blockchain investigator ZachXBT confirmed the details of the case, highlighting the ongoing challenges and collaborative efforts in combating crypto-related crimes.

$7M of Stolen Bitcoin Frozen with Binance’s Assistance, Two Suspects Identified

Blockchain investigator ZachXBT has confirmed that approximately $7 million worth of Bitcoin, part of a $330 million theft from a long-standing U.S. crypto holder, has been frozen. Binance played a pivotal role in tracking and securing the funds. The stolen BTC was swiftly moved across multiple exchanges and converted into Monero (XMR) in an attempt to obscure the trail.

The victim, an elderly American, fell prey to a sophisticated social engineering attack. Two suspects have been identified: a Somalian national operating under aliases "Nina" or "Mo," linked to a call scam based in Camden, UK, and an accomplice known as "W0rk." Both individuals have since erased their digital footprints by deleting social media accounts.

XRP Surges Toward $2.50 After Breakout from Symmetrical Triangle

XRP trades at $2.21 with a 0.4% gain, as 71% of Binance traders maintain long positions. Open interest has ballooned to $3.75 billion, signaling both heightened market participation and escalating risk appetite.

A decisive break above $2.24 could propel the token toward $2.50, with interim resistance expected at $2.30. Despite a marginal 0.7% dip in the past 24 hours, bullish sentiment dominates the market.