Hacken links Ripple chairman’s hack to XRP official wallet

Blockchain auditing firm Hacken claims to have found an XRP-affiliated wallet predating the recent $112.5 million exploit on Ripple co-founder and chairman Chris Larsen’s personal wallets.

A key executive of Ripple, the company behind the XRP ledger, may have had his personal crypto wallets compromised via an inside job. 

According to a Feb. 7 report from blockchain analytics platform Hacken, the hacker who exploited Ripple co-founder and chairman Chris Larsen’s personal wallets for $112.5 million worth of XRP (XRP) on Jan. 31 also had links to a wallet account that Ripple may have controlled.

However, the blockchain auditing firm stopped short of claiming that the attack was carried out by a Ripple employee, stating that it was “[too] early for conclusions.” Nevertheless, the firm claimed that “two wallets connected to XRP’s authorized wallet played key roles” in the attack.

Read more

About the author

Text Widget

Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Nulla vitae elit libero, a pharetra augue. Donec sed odio dui. Etiam porta sem malesuada.

Recent Works