Paolo Ardoino, the chief executive of Bitfinex, a digital asset firm established in 2012, has officially revealed that a hacker attempted to steal a whopping $15 billion in Ripple (XRP) tokens from the platform.&nbsp;
However, the executive confirmed that the hacker’s attempts to steal the funds using a feature of the XRP Ledger failed after the transaction was noticed. Notably, the actual transaction that went successfully was worth only a few cents because the hacker did not have the money to carry out the transaction.&nbsp;
<h2 id="span-style-font-weight-400-hacker-failed-to-steal-xrp-worth-15b-span">Hacker Failed to Steal XRP Worth $15B</h2>
Ardoino confirmed that the transaction was part of the “partial payments exploit” strategy that the hacker tried to implement. The transaction was first highlighted in an X post by Whale Alert, which was later deleted.&nbsp;
In the now-deleted post, Whale Alert pointed out a transaction of 25.6 billion XRP, which amounts to nearly half of XRP’s circulating supply. However, the account later<a href="https://twitter.com/whale_alert/status/1746634971870077198" rel="noopener noreferrer nofollow"> posted</a> that there was “an issue with properly reading the Ripple node response, resulting in a few wrong posts.”
On the other hand, Ardoino later<a href="https://twitter.com/paoloardoino/status/1746625178845471112" rel="noopener noreferrer nofollow"> explained</a> that “someone attempted to attack” Bitfinex, with the potential attacker expecting that the exchange had incorrectly configured its software to process partial payments.&nbsp;
As per separate transaction<a href="https://bithomp.com/explorer/CC5058CB40081958A40CCF43ECD00DEECC854690D517304FE0F5500458CD8512" rel="noopener noreferrer nofollow"> data</a>, the attacker also tried to attack the world’s largest crypto exchange, Binance, with a 58.9 billion XRP transfer, but that transaction also failed.
<h2 id="span-style-font-weight-400-hacks-in-2024-span">Hacks in 2024</h2>
The pace of hacks in the digital asset space does not seem to slow down in 2024 as well. Recently, the official X account of the United States Securities and Exchange Commission (SEC) was hacked and was<a href="https://thecoinrise.com/secs-x-account-hacked-to-post-false-spot-bitcoin-etf-approval/" rel="noopener noreferrer nofollow"> used to promote fake news of the approval</a> of a spot Bitcoin exchange-traded fund (ETC).&nbsp;
According to earlier reports from TheCoinRise, Radiant Capital, a well-known cross-chain lending protocol, <a href="https://thecoinrise.com/radiant-capital-halts-arbitrum-operations-post-4-5-million-exploit/" rel="noopener noreferrer nofollow">suspended its lending and borrowing markets on the Arbitrum network</a> following a $4.5 million hack.
The post <a href="https://thecoinrise.com/hacker-fails-to-steal-15b-in-xrp-from-bitfinex-details/" rel="noopener noreferrer nofollow">Hacker Fails to Steal $15B in XRP from Bitfinex: Details</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Hacker Fails to Steal $15B in XRP from Bitfinex: Details

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