WASHINGTON: In a shocking turn of events, hackers have executed a sophisticated attack resulting in the theft of $112 million worth of XRP Ripple cryptocurrency. The breach, disclosed by Chris Larsen, Ripple Labs’ co-founder, underscores the persistent challenges of security within the digital asset realm. Larsen clarified that the stolen funds originated from his personal XRP accounts, prompting swift action to freeze affected addresses and involve law enforcement.
Despite efforts to contain the breach, reports indicate that the stolen XRP has been laundered through various exchanges, including Binance and Kraken. The incident has sparked intense scrutiny into the ownership of the compromised wallet, raising questions about Ripple’s involvement.
This breach stands as the largest cryptocurrency theft of 2024 and ranks among the top twenty in recorded history, underscoring the urgent need for enhanced security protocols and transparency measures within the crypto space.
Courtesy: Realtime Global Data Intelligence Platform
