Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Bitfinex responds to attack attempt and blocks XRP rumors
TRADING NEWS

Bitfinex responds to attack attempt and blocks XRP rumors

By Crypto FlexsJanuary 14, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitfinex responds to attack attempt and blocks XRP rumors
Share
Facebook Twitter LinkedIn Pinterest Email

It appears that the situation is not exactly as initially perceived, after a now-deleted post from

Wolf of All Streets, a well-known cryptocurrency commentator, raised concerns due to transactions occurring primarily from a single wallet. This situation poses risks to all assets as it can be potentially problematic for one individual to have significant control over the liquidity of the asset.

Bitfinex CTO Sets the Record Straight on XRP Rumors

Bitfinex Chief Technology Officer Paolo Ardoino went to

“Someone attempted to attack Bitfinex via a “partial payment exploit.” The attack failed because Bitfinex correctly handles the ‘delivered_amount’ data field.”

He was prompted to do so after numerous reports swirled online of a large transaction, i.e. nearly 50% of XRP’s total supply was sent to the exchange through one wallet in a single transaction.

It was originally discovered by the prominent account Whale Alerts. “This can’t be real,” Wolf of All Streets told his 932,500 followers.

“XRP’s circulating supply is approximately 54 billion. This accounts for almost half. In one wallet. “In one transaction.”

Investors holding cryptocurrency assets become concerned when a single wallet accounts for most of the supply. This is because it gives the holder significant power and control over the entire market.

If holders sell all their assets at once, this could have a significant impact on the price of XRP.

At the time of publication, the price of XRP is $0.59.

XRP price chart 1 month. Source: BeInCrypto

Read more: How to Make Money in Cryptocurrency: Top 4 Ways to Make Money in 2024

Rumors that an XRP ETF is in the works

This is a major concern for the cryptocurrency community. This is because there is speculation about the possibility of approval of the XRP Exchange Traded Fund (ETF). The US SEC decided last week to approve 11 spot Bitcoin ETFs.

On January 8, BeInCrypto reported that there were predictions that Fidelity could launch an ETF product by April 2024. Approval could also potentially come before the end of 2024.

However, this is not the first time XRP has been exposed to false news.

Last year, news broke that BlackRock had filed a fake XRP ETF, sending the asset’s price soaring 10%.

Read more: How to evaluate cryptocurrencies through on-chain and fundamental analysis

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025
Most Popular

During its Epic Games debut, cryptocurrency title ‘Nyan Heroes’ ranked in the top 30 most played, reaching 200,000 downloads.

April 20, 2024

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

VanEck’s ESPO ETF: Insights into the Gaming and Esports Industry

September 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.