- Ripple’s CTO has debunked reports of an attempted exploit involving billions of XRP on Bitfinex.
- Schwartz explained that the reported information was misleading, and the hacker only transferred XRP worth a few cents.
- Schwartz commended Bitfinex and its CTO, Paolo Ardoino, for effectively neutralizing the exploit attempt.
Ripple’s CTO David Schwartz has debunked reports of an attempted exploit involving billions of XRP on crypto exchange Bitfinex. According to Schwartz, the reported information is misleading, and the hacker only transferred XRP valued at a few cents.
The “billions of XRP moved” statement is misleading, the actual amount transferred was worth just a few cents. Kudos to @Bitfinex and @paoloardoino for effectively neutralizing an exploit attempt.What happened here isn’t a flaw or vulnerability with the XRP Ledger. The Partial… https://t.co/qucpX7yJ7B
— David "JoelKatz" Schwartz (@JoelKatz) January 16, 2024
Schwartz commended Bitfinex and its CEO and CTO, Paolo Ardoino, for effectively neutralizing the exploit attempt. He explained that what happened wasn’t a flaw or vulnerability with the XRP Ledger. Rather, the Partial Payments…
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