Ripple co-founder reports unauthorized access to some personal XRP accounts
Quick Take: Ripple co-founder Chris Larsen said Wednesday that there had been “unauthorized access” to “a few of my personal XRP accounts.” His comments followed a post on X from crypto sleuth ZachXBT, who said that it appeared Ripple “was hacked” for about 213 million XRP worth $112.5 million.
"Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple)," Larsen said. "We were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved."
ZachXBT first noticed the suspicious outflow , though they had attributed it to Ripple itself. Eight outgoing transactions occurred on Jan. 30, ranging between 400,000 XRP ($200,000) and 69.7 million XRP.
XRP declines
The outgoing funds were then sent to the several crypto exchanges, the crypto sleuth added.
XRP declined on the news, falling 4.1% to $0.50 as of 9:49 a.m. ET, according to The Block's Price page for the token .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How to achieve an annualized return of 40% through arbitrage on Polymarket?
By demonstrating arbitrage structures with live trading, this provides a clear reference for the increasingly intense arbitrage competition in the current prediction markets.
Interpretation of ZAMA Dutch Auction Public Sale: How to Seize the Last Interaction Opportunity?
ZAMA will launch a sealed-bid Dutch auction based on fully homomorphic encryption on January 12, selling 10% of its tokens to achieve fair distribution, with no front-running and no bots.
Standard Chartered Bank lowers its 2025 Bitcoin price forecast to $100,000.
Trending news
MoreCrypto prices
More
