Ripple (XRP) falls back after $100 million hack

The XRP course declined following the announcement of a hack from 213 million tokensor more than 100 million dollars. The XRP The stolen items belonged to co-founder of the fintech blockchain.

This Wednesday afternoon, well-known on-chain detective ZachXBT reported on X that Ripple had been hit by a hack yesterday and lost 213 million XRP, representing around $112 million at the time of the theft.

According to ZachXBT, the stolen funds were laundered via several centralized crypto exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX and HitBTC.

It appears @Ripple was hacked for ~213M XRP ($112.5M)

Source address
rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm

So far the stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc. pic.twitter.com/HKGYsLQeMv

– ZachXBT (@zachxbt) January 31, 2024

The price of XRP dropped below $0.50 following the post on the social network before quickly rebounding above $0.50. The token has lost around 4% over the last 24 hours.

Ripple co-founder Chris Larsen later confirmed the hack and said he was the only victim.

Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple) – we were quickly able to detect the problem and inform the exchanges to freeze the affected addresses. Law enforcement is already involved,” he said. writes.

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