Ripple (XRP) co-founder Chris Larsen was hacked for $112.5 million

On the evening of January 31, information appeared in the Twitter community that Ripple was hacked and the estimated damage was up to 112.5 million USD.

Information appeared that Ripple (XRP) was hacked for 112.5 million USD

Update:

Ripple founder Chris Larsen later admitted that "a few" personal accounts had been hacked by bad guys, leading to money being siphoned off. Mr. Larsen announced that he had contacted authorities to investigate. investigation, and said that only personal assets were affected, and had nothing to do with Ripple.

Original article:

Initial information is "on-chain detective"ZachXBTShare on your personal X account. Specifically, the wallet with the address "rJNL...Qojm" appeared to move XRP for unknown reasons.

According to browser data, this wallet address is labeled as Ripple (50), which is associated with Ripple's domain name and the project's Twitter account.

Information about Ripple wallet rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm is said to be hacked. Source: XRPScan

Ripple Wallet (50) was created in 2018, and has a history with Ripple's Funding wallet and founder Chris Larsen's wallet.

History of Ripple Wallet (50). Source: XRPScan

At the time of writing, the amount of transferred tokens was 213 million XRP (approximately 112.5 million USD). The cash flow was quickly dispersed to exchanges such as MEXC, Gate,Binance, Kraken, OK, Cooperative and HitBTC.

However, a few other accounts detailed this transaction that appeared more than 10 hours ago but did not take any action to stop it. Because of this, some other theories have been put forward that hackers silently put tokens on the CEX exchange to conduct a slow release and avoid detection.

After the above information, XRP price fluctuated, decreasing approximately 4.3% to 0.5 USD.

1h chart of the XRP/USDT pair on Binance at 09:35 on January 31, 2024