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Ripple Co-Founder Notices an “Unauthorized Access” To His Account, Loses 213M XRP

Published 02/01/2024, 02:46 PM
Updated 02/01/2024, 03:15 PM
Ripple Co-Founder Notices an “Unauthorized Access” To His Account, Loses 213M XRP
XRP/USD
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  • ZachXBT reported an attack involving Ripple, which resulted in the theft of 213 million XRPs.
  • XRP, currently trading at $0.4976, fell by more than 5% following ZachXBT’s report on the hack.
  • Chris Larsen and Brad Garlinghouse reiterated that the company wallets remain safe and not compromised.

In a recent development in the Ripple ecosystem, co-founder Chris Larsen’s personal XRP accounts were hacked for about 213 million XRP, worth more than $110 million. While reports misinterpreted it as a Ripple-focused attack, CEO Brad Garlinghouse and Larsen reiterated that the Ripple wallets were not hacked.

Crypto sleuth ‘ZachXBT’ shared an X post yesterday, claiming that Ripple had been hacked for 213 million XRP ($112.5 million). According to the post, the hacker attempted to launder the funds through exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC.

Subsequently, Larsen declared that the attack was directed towards his pers…

The post Ripple Co-Founder Notices an “Unauthorized Access” To His Account, Loses 213M XRP appeared first on Coin Edition.

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