Hacker Steals $117 Million Worth of XRP from Ripple Co-Founder Chris Larsen’s Personal Wallets
A hacker has managed to breach the personal wallets of Ripple’s co-founder and executive chairman, Chris Larsen, stealing over $117 million worth of XRP. Larsen confirmed the hack on social media platform X, stating that the unauthorized access affected his personal XRP accounts, not Ripple’s wallets. However, he assured users that Ripple wallets remained secure and were never compromised. Law enforcement is already involved in the investigation, and exchanges have been notified to freeze the affected addresses. Larsen also mentioned that a significant portion of the stolen funds has been frozen, and efforts are underway to recover the rest.
Rebuttal to Speculation: No Impact on Ripple Company
In response to a tweet from on-chain researcher ZachXBT claiming that Ripple the company had been hacked for 213 million XRP worth $112.5 million, Ripple CEO Brad Garlinghouse dismissed it as “irresponsible speculation and reporting.” Garlinghouse reiterated Larsen’s statement, emphasizing that none of the company’s addresses were compromised. Crypto tracker Lookonchain revealed that the hacker targeted four of Larsen’s wallets and stole a total of 237.68 million XRP, transferring a significant portion to exchanges. At present, XRP is trading around $0.505 and has seen a 2% increase in the last 24 hours.
Hot Take: Hacker Breaches Chris Larsen’s Personal XRP Accounts
A hacker successfully infiltrated the personal wallets belonging to Chris Larsen, co-founder and executive chairman of Ripple. This resulted in a theft amounting to over $117 million worth of XRP. While Larsen assured users that Ripple wallets remained secure throughout this incident, law enforcement has been involved, and affected addresses have been frozen. Furthermore, the Ripple company itself was not impacted by this breach, as confirmed by CEO Brad Garlinghouse. The hacker targeted four of Larsen’s wallets, stealing a total of 237.68 million XRP and transferring a significant portion to exchanges. As the investigation continues, XRP’s price remains stable at around $0.505.
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