CEO Brad Garlinghouse Ripple A post discussing what he called “irresponsible speculation and reporting” regarding the security of wallets managed by made.
Given some irresponsible speculation and reporting, I want to reiterate that NO Ripple-managed wallets were compromised. Full stop. https://t.co/zxVeCH1Ut0
NEWS CONTINUES BELOW— Brad Garlinghouse (@bgarlinghouse) January 31, 2024
“No wallets managed by Ripple have been compromised,” Garlinghouse said in the statement. “Dot,” he commented.
This answer comes from Ripple co-founder Chris Larsen’s personal XRP It comes after it confirmed a security breach involving its accounts. Larsen emphasized that the incident was isolated and did not affect the company’s wallets, which he kept safe.
As Koinfinans.com reported, Larsen confirmed a security breach involving unauthorized access to several of his personal XRP accounts.
This comes after independent cryptocurrency researcher ZachXBT reported the theft of Ripple tokens worth approximately $112.5 million.
Following these events, the trading price of XRP experienced a significant decline. Although a community note was published on social platform X in an effort to reduce misinformation, speculation quickly spread in the community. In the message, it was explained that Ripple’s infrastructure was not compromised and that the security breach was only related to Larsen’s personal assets.
As we reported as Koinfinans.com, ZachXBT nevertheless drew attention to the fact that Larsen’s seized account was misrepresented as belonging to Ripple in XRP block explorers. He also stated in the community memo that Larsen’s role as co-founder and chief executive officer of the company was neglected.