Ripple co-founder Chris Larsen recently stated that a few of his personal XRP accounts had experienced "unauthorized access." This announcement came after crypto investigator ZachXBT's claim that Ripple had been "hacked" and about 213 million XRP worth $112.5 million was involved.
Larsen quickly took action, noting, "We were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved." He further emphasized, "This is an isolated incident, and Ripple wallets are secure/were never compromised."
Ripple CEO Brad Garlinghouse emphasized that no Ripple-managed wallets were compromised and urged the public to understand that fact. The concerning incident involved eight outgoing transactions, leading to a decline in XRP prices by 4.1%.
The outgoing funds were directed to several crypto exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC as per ZachXBT's findings. Following these events, XRP's value dropped to $0.50.
These developments have drawn attention to the security of digital assets and the potential impact on their market values.
