🤯Ripple exec gets hacked🤯
Ripple chairman Chris Larsen was hacked for 213 million XRP tokens, valued at roughly $112.5 million, according to on-chain sleuth ZachXBT.
Larsen responded to ZackXBT’s report, confirming the “unauthorized access” to his personal XRP accounts.
“[W]e were quickly able to catch the problem and notify exchanges to freeze the affected addresses,” Larsen said. “Law enforcement is already involved.”
XRP’s price briefly plunged on the news before recovering swiftly.
Security exploits and theft are nothing new for the crypto space. According to PeckShield, 2023 saw more than 600 major hacks in the crypto space, resulting in $2.61 billion in losses. The silver lining is that more than $674 million was recovered.
