2024

ZachXBT

Ripple, the company behind the XRP cryptocurrency, appears to have been the target of a potential hack involving the unauthorized movement of 213 million XRP, roughly equivalent to $112.5 million at current market prices. 
While the nature of the incident and its details remain under investigation, concerns have impacted the XRP market, leading to a 5% price drop. 
Reports on social media, primarily from independent blockchain analysts, indicate that a large sum of XRP was transferred from an address associated with Ripple on January 31, 2024. The funds were then allegedly dispersed across several cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 It appears <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@Ripple</a> 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 <a href="https://t.co/HKGYsLQeMv" rel="nofollow" target="_blank">pic.twitter.com/HKGYsLQeMv</a> 
 — ZachXBT (@zachxbt) <a href="https://twitter.com/zachxbt/status/1752694489905528943?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">January 31, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Ripple has not yet released any official statement regarding the alleged hack. The company’s Twitter account remains inactive as of the time of writing. 
News of the potential hack triggered a sell-off in the <a href="https://coinmarketcap.com/currencies/xrp/" rel="nofollow noopener" target="_blank">XRP</a> market, leading to a 5% price drop within minutes. 
<img loading="lazy" decoding="async" class="size-full wp-image-28548 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/01/XRP_1D_graph_coinmarketcap-2.png" alt="XRP 1D graph coinmarketcap 2" width="1200" height="800" srcset="https://crypto.ro/en/wp-content/uploads/2024/01/XRP_1D_graph_coinmarketcap-2.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/01/XRP_1D_graph_coinmarketcap-2-300x200.png 300w, https://crypto.ro/en/wp-content/uploads/2024/01/XRP_1D_graph_coinmarketcap-2-1024x683.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/01/XRP_1D_graph_coinmarketcap-2-768x512.png 768w, https://crypto.ro/en/wp-content/uploads/2024/01/XRP_1D_graph_coinmarketcap-2-750x500.png 750w, https://crypto.ro/en/wp-content/uploads/2024/01/XRP_1D_graph_coinmarketcap-2-1140x760.png 1140w" sizes="(max-width: 1200px) 100vw, 1200px" title="Ripple hit by potential $112M hack as XRP drops 5% 22">

Ripple hit by potential $112M hack as XRP drops 5%

crypto.ro global

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