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Rippleâs XRP Attracts Investor Attention Following Whale MovementsIn recent days, Ripple's #XRP has drawn investor attention once again after $112.5 million was stolen. Following massive whale activity specific to XRP, the altcoin became the center of rumors again on
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Kraken exchange wins court battle in an $XRP related lawsuit
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1. A 213 million XRP exploit raised concerns in the Ripple community, initially fueling speculation of a security breach at the payment firm.
2. Ripple executives clarified that the compromised accounts were not managed by the company.
3. Binance, a leading crypto exchange, identified and froze a portion of the stolen XRP funds, amounting to $4.2 million.
4. The attack involved the unauthorized access to Ripple Co-founder Chris Larsen's accounts, with $112.5 million worth of XRP tokens taken.
5. Stolen tokens were sent through various exchanges, including Binance, which played a role in freezing part of the funds.
6. Binance CEO Richard Teng announced the recovery and emphasized collaboration with Ripple in the ongoing investigation.
7. The recovery, though significant, represents a small fraction of the total stolen tokens.
8. Ripple and Binance teams are working together to retrieve the remaining stolen funds and monitor external wallets associated with the exploit.
9. The XRP Ledger Foundation handed over the investigation to Ripple, with Larsen's personal wallets being compromised, not Ripple itself.
10. The exploiters targeted multiple exchanges, depositing, exchanging, and withdrawing funds, with their modus operandi focusing on confidence-building strategies. The responsible actions of exchanges like Binance in freezing stolen funds are recognized amid ongoing efforts to combat such exploits.
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2. Ripple executives clarified that the compromised accounts were not managed by the company.
3. Binance, a leading crypto exchange, identified and froze a portion of the stolen XRP funds, amounting to $4.2 million.
4. The attack involved the unauthorized access to Ripple Co-founder Chris Larsen's accounts, with $112.5 million worth of XRP tokens taken.
5. Stolen tokens were sent through various exchanges, including Binance, which played a role in freezing part of the funds.
6. Binance CEO Richard Teng announced the recovery and emphasized collaboration with Ripple in the ongoing investigation.
7. The recovery, though significant, represents a small fraction of the total stolen tokens.
8. Ripple and Binance teams are working together to retrieve the remaining stolen funds and monitor external wallets associated with the exploit.
9. The XRP Ledger Foundation handed over the investigation to Ripple, with Larsen's personal wallets being compromised, not Ripple itself.
10. The exploiters targeted multiple exchanges, depositing, exchanging, and withdrawing funds, with their modus operandi focusing on confidence-building strategies. The responsible actions of exchanges like Binance in freezing stolen funds are recognized amid ongoing efforts to combat such exploits.
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Ripple Reportedly Hacked For $112M in XRP
#Ripple reportedly has been hacked for nearly 213 million #XRP worth about $112 million. Funds have been laundered through several centralized exchanges.
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#Ripple reportedly has been hacked for nearly 213 million #XRP worth about $112 million. Funds have been laundered through several centralized exchanges.
#Write2Earn #XRPHACKED
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Binance freezes $4.2 million in XRP due to hacking of Ripple co-founder's wallet.
Cryptocurrency exchange Binance has frozen $4.2 million in XRP from a $112 million hack of Ripple co-founder Chris Larsen's personal wallet on January 31. This information was released by Binance CEO Richard Teng.
which you can read below
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Cryptocurrency exchange Binance has frozen $4.2 million in XRP from a $112 million hack of Ripple co-founder Chris Larsen's personal wallet on January 31. This information was released by Binance CEO Richard Teng.
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Binance froze $4.2 million worth of XRP tokens stolen from Ripple co-founder
Cryptocurrency exchange Binance has frozen $4.2 million in XRP tokens associated with the hacking of the personal wallet of Ripple co-founder Chris Larsen.
On January 31, on-chain researcher ZachXBT drew attention to suspicious transactions and suggested that hackers stole ~213 million XRP worth $112.5 million from Ripple.
Larsen stated that we are talking about his personal funds. According to him, a day earlier, unknown persons gained unauthorized access to several personal accounts. He noted that it was possible to quickly identify the problem, notify trading platforms of the need to block assets and involve law enforcement officers in the investigation.
Binance CEO Richard Teng thanked ZachXBT and the Ripple team for coordinating efforts to track the stolen tokens. He assured that exchange specialists will continue to monitor the assets remaining in the criminalsâ wallets.
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Binance froze $4.2 million worth of XRP tokens stolen from Ripple co-founder
Cryptocurrency exchange Binance has frozen $4.2 million in XRP tokens associated with the hacking of the personal wallet of Ripple co-founder Chris Larsen.
On January 31, on-chain researcher ZachXBT drew attention to suspicious transactions and suggested that hackers stole ~213 million XRP worth $112.5 million from Ripple.
Larsen stated that we are talking about his personal funds. According to him, a day earlier, unknown persons gained unauthorized access to several personal accounts. He noted that it was possible to quickly identify the problem, notify trading platforms of the need to block assets and involve law enforcement officers in the investigation.
Binance CEO Richard Teng thanked ZachXBT and the Ripple team for coordinating efforts to track the stolen tokens. He assured that exchange specialists will continue to monitor the assets remaining in the criminalsâ wallets.
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"Exclusive: Ripple Chairman's Personal XRP Account Targeted in Unprecedented Hack"
Chris Larsen, the executive chairman of Ripple, has officially confirmed a recently reported hacking incident, but clarified that the breach impacted his personal XRP account and not that of Ripple.
Read more on: https://thecryptobasic.com/2024/02/01/ripple-chairman-confirms-hack-to-his-personal-xrp-account-not-ripple/
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Read more on: https://thecryptobasic.com/2024/02/01/ripple-chairman-confirms-hack-to-his-personal-xrp-account-not-ripple/
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Ripple's XRP Drops 5% Amid Report of Potential $112M Hack đČđšđšđšđš
Blockchain analyst ZachXBT claims 213 million XRP tokens were stolen before being laundered across multiple exchanges.
Ripple's XRP token has fallen by more than 5% following a report of a possible hack worth $112.5 million.
Blockchain sleuth ZachXBTÂ claimed on XÂ (formerly Twitter) that 213 million XRP tokens had been siphoned out of one wallet, before being laundered through multiple exchanges including Binance, Kraken and OKX.
đ€ Is it risky to invest in XRP?
Investing in XRP is risky and may not be suitable for most investors due to the high price volatility and the difficulty in predicting future trends in the cryptocurrency market,
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Blockchain analyst ZachXBT claims 213 million XRP tokens were stolen before being laundered across multiple exchanges.
Ripple's XRP token has fallen by more than 5% following a report of a possible hack worth $112.5 million.
Blockchain sleuth ZachXBTÂ claimed on XÂ (formerly Twitter) that 213 million XRP tokens had been siphoned out of one wallet, before being laundered through multiple exchanges including Binance, Kraken and OKX.
đ€ Is it risky to invest in XRP?
Investing in XRP is risky and may not be suitable for most investors due to the high price volatility and the difficulty in predicting future trends in the cryptocurrency market,
#XRPHACKED #XRP $XRP
#ZeexxUnity #ZeexxAcademy #Write2Earn
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Alleged Major Hack Hits Ripple: 213 Million XRP Stolen
Allegedly, blockchain payment firm Ripple has been struck by a major security breach, as claimed by DeFi detective ZachXBT. Reports suggest over 213 million XRP, amounting to more than $112 million, have been stolen. The alleged incident has sparked concerns about the protocol's security measures, leading to a downturn in XRP's market price and leaving Ripple's response and future measures uncertain. The source address reportedly involved in the alleged hack is rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm. This alleged breach underscores the importance of robust security in the cryptocurrency industry.
#XRPHACKED #xrp #TrendingTopic
Allegedly, blockchain payment firm Ripple has been struck by a major security breach, as claimed by DeFi detective ZachXBT. Reports suggest over 213 million XRP, amounting to more than $112 million, have been stolen. The alleged incident has sparked concerns about the protocol's security measures, leading to a downturn in XRP's market price and leaving Ripple's response and future measures uncertain. The source address reportedly involved in the alleged hack is rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm. This alleged breach underscores the importance of robust security in the cryptocurrency industry.
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#XRPHACKED Tens of Millions of XRP Out of Binance and into Unknown.
yes it's correct, there was a significant transfer of XRP out of Binance in late 2023 that caught the attention of the crypto community. Here's a summary of the key points:
What Happened:
In late 2023, tens of millions of XRP tokens, totaling approximately $20.75 million, were transferred from Binance, one of the largest cryptocurrency exchanges, to two undisclosed wallets.
These transfers were flagged by Whale Alert, a service that tracks large cryptocurrency transactions.
The recipient wallets, "rfQ9E" and "rarG6", were initially categorized as unknown.
Uncertainties and Potential Implications:
While further analysis revealed that both wallets originated from Binance, the true identity and purpose of the recipients remain unclear.
This lack of transparency raises questions about the motivation behind the transfer.
Historically, large exchange withdrawals can be seen as bullish indicators, suggesting institutional accumulation or strategic buying during downturns. However, in this specific case, more information is needed to draw any definitive conclusions.
Additional Points:
The transfer coincided with a slight decline in XRP's price, further adding to the speculation and uncertainty surrounding the event.
It's important to approach such news with caution and avoid making any investment decisions based solely on this information.
Remember, the cryptocurrency market is constantly evolving, and it's crucial to conduct thorough research and due diligence before making any investment decisions.
yes it's correct, there was a significant transfer of XRP out of Binance in late 2023 that caught the attention of the crypto community. Here's a summary of the key points:
What Happened:
In late 2023, tens of millions of XRP tokens, totaling approximately $20.75 million, were transferred from Binance, one of the largest cryptocurrency exchanges, to two undisclosed wallets.
These transfers were flagged by Whale Alert, a service that tracks large cryptocurrency transactions.
The recipient wallets, "rfQ9E" and "rarG6", were initially categorized as unknown.
Uncertainties and Potential Implications:
While further analysis revealed that both wallets originated from Binance, the true identity and purpose of the recipients remain unclear.
This lack of transparency raises questions about the motivation behind the transfer.
Historically, large exchange withdrawals can be seen as bullish indicators, suggesting institutional accumulation or strategic buying during downturns. However, in this specific case, more information is needed to draw any definitive conclusions.
Additional Points:
The transfer coincided with a slight decline in XRP's price, further adding to the speculation and uncertainty surrounding the event.
It's important to approach such news with caution and avoid making any investment decisions based solely on this information.
Remember, the cryptocurrency market is constantly evolving, and it's crucial to conduct thorough research and due diligence before making any investment decisions.
"Binance Takes Decisive Action: Freezes $4.2 Million in XRP Funds!"
Binance has frozen $4.2 million worth of XRP from the $213 million recently stolen from Chris Larsen, the Ripple chairmanâs XRP wallet.
Read more on: https://thecryptobasic.com/2024/02/02/binance-freezes-4-2m-worth-of-xrp-details/
#XRPHACKED #XRPEscrow #Crypto #CryptonewswithJack #CryptoNewsUpdate
Read more on: https://thecryptobasic.com/2024/02/02/binance-freezes-4-2m-worth-of-xrp-details/
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Recent Cryptoattacks on Ripple: A Factual Report (as of February 2nd, 2024)
It's important to clarify that there haven't been recent attacks directly targeting Ripple, the company, or its core infrastructure. However, two incidents involving XRP, Ripple's associated cryptocurrency, have garnered attention:1. Chris Larsen's XRP Wallet Hack:Details:On February 1st, 2024, approximately 213 million XRP (around $112 million) were stolen from the personal wallets of Chris Larsen, Ripple's co-founder. Impact: While concerning, this wasn't an attack on Ripple itself, but rather a targeted exploit of Larsen's individual security measures. Current Status: The stolen funds have been traced across various exchanges, and Binance reportedly froze $4.2 million worth of XRP. Investigations are ongoing, and neither Ripple nor Larsen have released further details.2. "Partial Payments Exploit" Attempt:Details:On January 10th, 2024, an attempt was made to exploit a vulnerability in the XRP Ledger protocol involving "partial payments." This could have potentially allowed unauthorized transfers.Impact: The exploit was identified and thwarted before any damage occurred. This highlights the importance of continuous security monitoring and patching vulnerabilities.Current Status: The XRP Ledger team addressed the vulnerability with a patch, and no further exploits have been reported.Key Points: It's crucial to differentiate between attacks targeting Ripple's infrastructure and incidents involving XRP holders, like Larsen's hack.While concerning, neither event signifies a fundamental security weakness in Ripple's core systems. Both incidents underscore the importance of individual security practices and proactive vulnerability management in the cryptocurrency space.Some sources initially misreported the Larsen hack as targeting Ripple itself, hence the clarification in this report.The impact of these events on XRP's price has been minimal, with the token experiencing fluctuations similar to the broader crypto market.It's recommended to consult reliable sources for accurate information and avoid spreading misinformation about crypto-related incidents.I hope this report provides a clear and factual overview of the recent events surrounding Ripple and XRP. #XRPHACKED $XRP #Write2Earn #TrendingTopic #BinanceMystery
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Bad things happened recentlyđą
Unknown hackers hacked Chris Larsen portfolio for $112 mln, be aware of big dumps in future based on that information, who knows what could happen, but after that incident the price dropped by 5% immediately
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Bad things happened recentlyđą
Unknown hackers hacked Chris Larsen portfolio for $112 mln, be aware of big dumps in future based on that information, who knows what could happen, but after that incident the price dropped by 5% immediately
$XRP
#Write2Earn
