Ripple co-founder's personal wallets hacked, $112 million XRP stolen
I was earlier informed today by research that Ripple co-founder Chris Larsen confirmed falling victim to a hack draining $112 million worth of XRP tokens from his personal wallets. The stolen funds were tracked across top exchanges and remain under investigation. The incident represents one of the largest individual heists targeting an industry leader.
Meanwhile, the Federal Reserve left benchmark rates unchanged after its recent FOMC meeting. However, the tone dispelled imminent easing hopes, with officials signaling priority on sustained inflation alleviation over cuts risking growth impacts. As we predicted, Bitcoin remains unfazed, only experiencing a minor dip in the hours after the rate adjustments.
Initial trading data revealed intense early transaction volumes for Jupiter exchange's JUP token airdrop after its launch on the Solana ecosystem. Exceeding 1.2 million transactions in the first hour, Solana handled a peak rate of 1,400 transactions per second adjusted for complexity, according to developers. However, the token itself has remained range-bound between $0.61 and $0.74 thus far, even after listing on major centralized exchanges.
