tl;dr

Renowned cybersecurity firm Hacken has uncovered evidence of an inside job in the recent hacking of Ripple co-founder Chris Larsen's personal wallets, resulting in the loss of 213 million XRP, amounting to $112.5 million. The breach lasted an unconventional 11 hours and 11 minutes, surprising the cr...

Cybersecurity firm Hacken has revealed evidence of an inside job in the hacking of Ripple co-founder Chris Larsen's personal wallets, leading to the loss of 213 million XRP, equating to $112.5 million. The breach, which lasted 11 hours and 11 minutes, showcased the intricate involvement of Ripple's own infrastructure in the theft. Binance CEO Richard Teng disclosed that his exchange had managed to freeze $4.2 million worth of the stolen XRP, signifying the crypto community's response to the fallout.

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
 19 Sep 24
 19 Sep 24
 19 Sep 24