<ul><li>XRP&#39;s security breach and subsequent market dip underscore the ongoing challenges facing the cryptocurrency industry.</li><li>Cryptocurrency exchanges need to bolster security measures to prevent the laundering of stolen funds, as seen in the XRP hack.</li><li>Regulatory oversight and industry-wide cooperation are essential in addressing cybercrime and fraud within the digital currency space.</li></ul>Reports have surfaced of a major hack involving the cryptocurrency XRP. MartyParty blockchain sleuth reported an alleged theft of approximately 213 million XRP tokens valued at an astonishing $112.5 million. This revelation has sent shockwaves through the digital currency market, causing a significant dip in the price of XRP.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/38b87b7a148941168d07474ba71341bb.png" />ZachXBT further uncovers a suspicious transaction originating from the source address rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm. The stolen XRP tokens were purportedly laundered through several well-known cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, <a href="https://cryptotale.org/cryptocurrency-giant-htx-global-hit-by-8-million-hacker-attack/" rel="noopener noreferrer nofollow">HTX</a>, and HitBTC. This coordinated effort to conceal the illicitly acquired funds further adds to the situation&#39;s complexity.Read full article at <a href="https://cryptotale.org/xrp-plunges-5-after-112-5-million-heist-whats-next/" rel="noopener noreferrer nofollow">CryptoTale.</a>

XRP Plunges 5% After $112.5 Million Heist – What's Next?

CryptoTale

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