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Ripple’s Chris Larsen has lost $150 million worth of XRP, after hackers breached his wallet. According to records, the theft occurred in January 2024, with the hackers stealing 283 million XRP via a LastPass hack. LastPass was a password manager that was hacked in 2022.

The news came after the United States law enforcement filed a forfeiture complaint, with on-chain investigator ZachXBT sharing it on Telegram. ZachXBT, in his statement, noted that after the theft occurred, the tokens had been moved around across various wallets before Larsen noticed.

When the hack happened, Larsen notified the public of the development. “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple). We were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved,” he said at the time.

XRP slumps amid Ripple’s Chris Larsen hack news

After the news came out in public, XRP suffered a slight drop, seeing a decline of 7% to trade at $2.41, according to data from CoinGecko. Traders also made matters worse, dumping the tokens as concerns over security and Ripple’s actions against it mounts.

Despite the loss, Larsen still holds a heavy amount of XRP. He presently holds 2.7 billion XRP, which is presently valued at around $7 billion. Meanwhile, ZachXBT noted that most of the wallets that these XRPs have been inactive for years, with some last active six to seven years ago.

However, XRP could yet witness a bullish momentum, considering its addition to the United States strategic crypto reserve announced by Donald Trump. Other tokens include Cardano’s ADA, SOL, Bitcoin, and Ethereum.

In January 2025, a large-scale transaction took place, with XRP being moved to centralized exchanges like Coinbase, Bybit, and Bitstamp. The move triggered speculations surrounding the happenings with the XRP stolen from Larsen.

ZachXBT alleged that Larsen may have lost control of some of his wallets or he may have transferred control. In 2020, Larsen moved 500 million XRP, worth $115 million at the time to an unknown destination. While he mentioned that it was sent to NYDIG for safekeeping, users in the market believed that it was a quiet sale of the tokens.

After the announcement, XRP jumped briefly, hitting $2.90 before settling down at $2.60. While Larsen is not expected to attend the White House crypto summit, Ripple CEO Brad Garlinghouuse is expected to be in attendance.

The post Ripple’s Chris Larsen loses $150M worth of XRP first appeared on Coinfea.

So, here’s the buzz on *Cardano (ADA)*: *6.88 billion ADA* worth *5.58 billion* transacted in just *24 hours*! 😲 Despite a **14—

*Cardano’s Massive Trading Volume 📊*

In the last *24 hours*, *Cardano’s (ADA) trading volume* has been through the roof, and here’s why:
- *6.88 billion ADA tokens* were traded, which equals a whopping *5.58 billion* in transactions! 💸
- This *high liquidity* means that Cardano is still *attracting strong interest* from investors, even though it’s experiencing a *price correction*.

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*What’s Driving This? 🚀*

- *Inclusion in U.S. Strategic Crypto Reserve (SBR):*
The big news here is *Cardano’s inclusion* in the *U.S. Strategic Crypto Reserve*. This boosted its value and pushed its price above the *1* mark for a while, causing excitement in the market. 🇺🇸
- *Bullish Sentiment:*
Despite the recent **14—

*ADA's Price and Market Outlook 🔮*

- *Current Price:* As of now, *ADA is priced at0.9527*, but it has experienced a *16.43% correction* in the past 24 hours. 😕
- *Volume Decrease:* Cardano’s *trading volume* has dropped by about *48.18%*, but this isn’t too concerning considering the *1,800% increase* in volume over the last 48 hours! 🚀
- *Short-Term Surge Potential:* Some analysts believe *ADA could rise by 30%* in the short term, especially if investor interest picks up. 📈

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*What’s Next for Cardano? 👀*

- *Price Stabilization Above 1.20?*
Experts are hopeful that *ADA* could *stabilize above1.20* if investors continue buying into the hype. If this happens, we could see a solid *rebound* in ADA's price! 💰
- *Increased Investor Activity:* With its *governance model* recently ratified, Cardano may attract more investors, supporting its long-term growth. 📅

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*Key Takeaways:*

- Cardano’s *high liquidity* and strong market sentiment show *confidence* in ADA’s future, even during price corrections. 💪
- The *$1.20 price target* is looking possible if *buying activity* continues to rise. 🌟
- *New investors* and the *recent governance upgrades* could help *Cardano* stay above the *“zero dollar price club”* and keep its price moving upwards. 🚀

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*So, if you're holding ADA or thinking about getting in, now’s the time to keep a close eye on how things develop!* 📉💰

$ADA


#Cardano #ADA #CryptoMarket #Blockchain #cryptocurrency

Cryptocurrency exchange Binance has responded to concerns regarding the community voting process for its Pi Network (PI) coin listing, stating that votes from users in certain regions will be excluded and the final results are for reference only.
There were concerns that votes from mainland China could influence the outcome of the listing vote.
Binance Customer Support official X account explained on social media that in accordance with relevant requirements, votes from users residing in certain countries or regions, including but not limited to mainland China, will not be counted in the final voting results.

“At the end of the event, we will eliminate votes from users who do not meet the conditions or come from regions that are not valid, as well as votes that violate the terms and conditions,” Binance said. “The results of this vote are for reference only, and the project will be evaluated and decided according to the official listing review process and standards.”
Binance has launched a community voting event titled “Should PI be listed on Binance?” based on certain eligibility criteria. To participate in the vote, users must have verified accounts and maintain a balance of at least $5 equivalent during the voting period. Each eligible user is entitled to one vote.
*This is not investment advice.

#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #CardanoETFTalk #BNBChainMeme