Reported ‘transfer’ of $15B $XRP was part of a failed exploit attempt


#Bitfinex Chief Technology Officer Paolo Ardoino revealed that an attacker attempted a failed exploit using XRP's partial payments feature to target the crypto exchange. On January 14, an apparent transaction of nearly $15 billion worth of XRP from an unknown wallet to Bitfinex was reported by #blockchain​ tracker Whale Alert. However, the transaction never went through, and it was later acknowledged as a failed "partial payments exploit" attempt by Ardoino.

Whale Alert initially highlighted the transaction, but later deleted the post, citing issues with reading the #ripple node response that led to incorrect posts. Ardoino clarified on social media platform X that Bitfinex had been targeted in a "Partial Payments Exploit." The attacker assumed that the exchange's software was incorrectly configured to process partial payments, trying to exploit this vulnerability. Partial payments exploits typically involve assuming a company has a misconfigured system that only reads the "amount" field of an XRP transaction, which is set to a high value.


Source - cointelegraph.com

#CryptoNews #BinanceSquare