A misleading news has been circulating on maxi media about a hack of $112.5 million worth XRP.

Just In: Ripple Got Hacked For $112.5 Million Worth Of XRP? Co-founder And Exec. Chairman Chris Larsen Clarifies

By Coins Reporter | Coinsreporter | 31 Jan 2024

In an unexpected turn of events for Ripple and its co-founder Chris Larsen, news of a hack of XRP worth 112.5 million dollars is circulating on Maxi Media.

A few hours ago, self-proclaimed crypto-spy ZachBXT claimed for the first time that a hacking attack on Ripple has taken place, costing the blockchain a total of 213 million XRP. He has also stated that the hacker probably tried to shuffle the stolen XRP by sending them to different addresses or wallets.

The news spread like wildfire and the maxi-media, of course without getting to the bottom of it, ran headlines everywhere like 'Ripple gets hacked'. But the media always seems to be in a hurry when news like this comes out of nowhere.

To cool things down, Chris Larsen, co-founder and executive chairman of Ripple, immediately stepped in and clarified the matter.

So we can conclude two things from Chris's clarification. First, that it was not the Ripple, the company's wallet that was hacked. Secondly, it was Chris' personal wallet that was compromised.

Beyond that, there are a lot of serious questions raised by the incident. People wanted to know how Chris was able to dispose of more than $100 million worth of XRP or if he would even tell the public about the hack without ZackBXT exposing it.

XRP crashed, if only for a few minutes, as soon as the tweet popped up on X. The price recovered to the same level when the clarification tweet came from the chairman himself. It was only a few minutes of chaos for XRP, but it seemed pretty spooky. It could have been a lot worse if Chris had not responded and clarified immediately.

If you want to follow the topic and earn sats by participating in discussions, you can join me on Stackernews.com, a platform much similar to Publish0x.

¶¶¶•••••••••••••¶¶¶

🎁🎄☃️🌌

As Always Thanks for Reading and Tipping

Adios ... Ciao.... Bye ... Take care ...

🚀Free Airdrops🚀

🔗ICE Decentralized Future

🔗Grass Protocol

🔗Magic.store

Join me at Stackernews @Coinsreporter

follow me on Twitter @cryptocoins4u

follow me on Facebook @hodlxpress

Tap Here to Earn Free Crypto

Cryptocurrency News Ripple (XRP) XRP Community hacking Chris Larsen

How do you rate this article?

Coins Reporter

Once a Bitcoiner and forever will be. Love to share my views even if they are unbelievable.

Coinsreporter

Let's talk about how cryptocurrency is revolutionising the financial sector. How it's changing your life and my life. The general idea of this blog is to write content that is relevant, up-to-date, useful and interesting.