Ripple Freezes Approximately $200 Million in RLUSD as Hackers Shift to DEXs

TechFlow reported on October 30, citing Decrypt, that Binance Co-CEO He Yi said Ripple has frozen approximately $200 million in RLUSD, and Ripple also confirmed that it is in the process of freezing the funds.

On-chain records show that suspected hackers are using Uniswap and Aave to swap freezable stablecoins into ETH, including depositing approximately $60 million in USDT on Aave to borrow approximately 19,800 ETH, and swapping 36 million RLUSD for approximately 15,400 ETH. As of around 06:03 Beijing Time, the two related addresses collectively held approximately 253,000 ETH (about $570 million). Kamino said it was not affected but has suspended lending and borrowing in the SOL/BTC market.

Source: TechFlow