“Alert! The vulnerability that Peter Todd predicted 10 years ago shakes XRPL”
In April 2025, the cybersecurity firm Aikido Security discovered a critical vulnerability in a development library of the XRP Ledger (XRPL), allowing possible unauthorized access to private keys. This risk was surprisingly anticipated back in 2015 by Peter Todd, a prominent Bitcoin developer, who warned about the high likelihood of such attacks and pointed out that they could be carried out at no economic cost.
This incident highlights ongoing concerns about centralization in networks like XRPL, where key decisions depend on specific entities. Todd has been critical of these structures, arguing that they favor centralized authorities and can compromise the security of the ecosystem.
The revelation underscores the importance of addressing structural vulnerabilities in blockchain networks and rethinking governance models that prioritize decentralization and long-term security.
