On-chain detective ZachXBT reported on a major hack related to Ripple. Accordingly, Blockchain payment company Ripple suffered an attack that caused a loss of $ 112 million. This came to the fore as a worrying development for the crypto industry. Although XRP, Ripple’s native token, saw a decline, it did not significantly separate from the market.
ZachXBT: 213 million XRP may have been stolen in the hack!
Blockchain detective ZachXBT stated in a statement on social media that he found that 213 million XRP (approximately $112 million) was stolen from Ripple by hackers. He noted that the stolen funds were laundered through exchanges such as MEXC, Gate, Binance, Kraken, OKX, HTX and HitBTC.
If true, this would represent one of the biggest crypto attacks in 2024. The hacking and laundering of $100 million worth of Ripple’s native XRP token through multiple major exchanges shows how vulnerable even large, prominent projects can be to cyber threats. This alleged incident serves as an important reminder that security must remain a top priority in the crypto space. With the consolidation of cryptocurrencies and the growth of exchange platforms, even larger-scale attacks have become possible. Hacks continue to proliferate across the industry, both on large and small scales. That’s why individual traders and investors also need to be vigilant.
Ripple has not yet made a statement on the issue
According to experts, protecting private keys and enabling additional authentication factors will help reduce risks. But the only way to be truly safe is to not hold significant crypto assets. Overall, the threat of attacks and the difficulty of recovering stolen funds underscores why security must be a constant focus for the entire cryptocurrency community going forward. Although the details provided are important, Ripple has not officially confirmed this hack. Additionally, he has yet to comment on the issue. Until the company makes a direct statement, it would be wise to approach ZachXBT’s detection with caution.
There is also a possibility that the report may be premature or inaccurate. However, given the source and evidence trail provided, the claim cannot be completely dismissed. cryptokoin.comAs you follow from , big companies in the crypto space continue to be targets. So even if this particular attack is ultimately false, experts advise caution. An official statement from Ripple will be crucial to determining the truth and next steps, if any, regarding this alleged grand theft.
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