Ripple Co-Founder Chris Larson Loses $100 Million in XRP Hack
According to prominent crypto analyst ZachXBT, Chris Larson, the co-founder and executive chairman of Ripple, has been the victim of a security breach in which hackers stole over $100 million worth of XRP.
Hackers Launder Stolen Funds through Major Exchanges
ZachXBT reported that the hackers have already started laundering the stolen funds by using major centralized crypto exchanges such as Binance and Kraken.
Confirmation from Chris Larson
Chris Larson confirmed the hack and stated that the affected wallets belonged to him personally, not Ripple. He has notified exchanges to freeze the affected addresses and has involved law enforcement in the matter.
Hot Take: Ripple Co-Founder Falls Victim to Massive XRP Hack
In a shocking turn of events, Chris Larson, the co-founder and executive chairman of Ripple, has lost more than $100 million worth of XRP in a security breach. The hackers managed to steal approximately 213 million XRP and have already started laundering the funds through major crypto exchanges. Larson has taken immediate action by notifying exchanges to freeze the affected addresses and involving law enforcement. This incident highlights the ongoing security risks faced by cryptocurrency holders and serves as a reminder for individuals to prioritize robust security measures.
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