Ripple Co-founder Hacked: $112.5 Million XRP Stolen – What Happened?
Breaking news: Ripple co-founder Chris Larsen confirmed today that 213 million XRP tokens, worth over $112 million, were drained from his personal wallets. He added that the theft was quickly addressed.
$112.5 Million XRP Heist: Ripple Co-founder Targeted
The Ripple chairman didn’t confirm the exact amounts initially, but, per ZachXBT, the breach netted 213 million XRP (XRP) worth about $112.5 million as of the time of the event. This significant exploit has sent shockwaves through the crypto community.
ZachXBT Exposes the Ripple Exploit: 213 Million XRP Lost
ZachXBT, a decentralized finance investigator, brought attention to the alarming news of a potential exploit within the Ripple protocol, specifically impacting Chris Larsen's personal holdings. About 213 million XRP, worth roughly $112.5 million, were allegedly stolen in the attack. Those comments followed ZachXBT posting online the allegation that Ripple had been hacked for about 213 million XRP worth $112.5 million at the time.
Ripple Responds to the $112.5 Million XRP Hack
The theft of 213 million XRP, valued at around $112.5 million, has prompted questions about security measures within the Ripple ecosystem. Investigations are underway to determine the cause of the breach and prevent future incidents. While initial reports suggested a broader Ripple hack, confirmation points to a targeted attack on a co-founder's personal wallets. The situation remains fluid, and updates will be provided as more information becomes available.