Ripple Co-Founder's Wallet Hacked, 213 Million XRP Stolen, Valued at Approximately $105 Million

WikiBit 2024-02-01 15:12

Ripple's co-founder wallet containing XRP has been stolen, with an estimated value of approximately $105 million. Currently, there is no evidence to suggest that the stolen XRP has been completely sold. WikiBit advises users to trade XRP cautiously.

On January 31, 2024, according to blockchain analyst ZachXBT, Ripple fell victim to a hacking attack resulting in the theft of 213 million XRP, currently valued at approximately $105 million. The stolen funds have been laundered through various platforms, including MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc. The source address is: rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm,

the theft addresses include:

rGhR13XyM43WdDaSMznHD5rZ4cJatybvEg,

rHQVKntyfkDCPhEBL2ctryuEAkDZgckmmV,

rLsUemhuBZtF44rqqzneb2F9JgyrRYYd4t,

rKPERax7t9iFvT3RHXn5nifyNpzp9a4hBa,

rpjs4HLX1gJoEenH69PsQmXAXY22QhCYAT,

rLRhugR4ysNa2xkt4E6fKN8krs9jatCp6w,

rnCyeUNvfDbtTagGEPjBfTCBz6EqJjf2Uj,

rHVjfYzTaB8MzSoQGqpzH9barZr85QsZW7.

Chris Larsen stated that the stolen address rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm is his personal address and not a wallet managed by Ripple. They are cooperating with law enforcement, and it has been reported that a significant portion of the funds has been frozen. Efforts are underway to actively trace the remaining funds.

According to Coingecko data, the current price of XRP is $0.494 USD, with a 3.8% decrease in the last 24 hours and a trading volume of approximately 1.3 billion USD during the same period. The liquidation data for XRP contracts indicates that there hasn't been significant liquidation volume in the past two days.

The comparison between the stolen XRP amount and the XRP spot/contract data doesn't conclusively indicate that all the stolen XRP has been sold through centralized exchanges. Additionally, the specific volume of the frozen funds mentioned by Chris Larsen has not been disclosed at the moment. WikiBit advises caution in trading XRP.

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