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Home»ADOPTION NEWS»Ripple co-founder reports unauthorized access to some personal XRP accounts
ADOPTION NEWS

Ripple co-founder reports unauthorized access to some personal XRP accounts

By Crypto FlexsJanuary 31, 20242 Mins Read
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Ripple co-founder reports unauthorized access to some personal XRP accounts
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People • January 31, 2024 9:57 AM EST

Posted 1 minute ago In ~

Ripple co-founder Chris Larsen said Wednesday that there had been “unauthorized access to some of my personal information.” XRP

-3.41%
His comments follow a post by cryptocurrency detective ZachXBT on

“Yesterday some of my personal XRP accounts (non-Ripple) experienced unauthorized access,” Larsen said. “femaleWe were able to quickly identify the issue and notify the exchange to freeze the affected addresses. “Law enforcement is already involved,” he said.

ZachXBT was the first to discover the suspicious leak, but attributed it to Ripple itself. On January 30, there were eight outgoing transactions ranging from 400,000 XRP ($200,000) to 69.7 million XRP.

XRP falls

The outgoing funds were then sent to cryptocurrency exchanges MEXC, Gate, Binance, Kraken, OKX, HTX and HitBTC, the cryptocurrency sleuth added.

XRP fell 4.1% to $0.50 as of 9:49 a.m. ET on the news, according to The Block’s token price page.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for publications covering all cryptocurrency-related news, preferring NFTs, metaverse, web3 games, fundraising, crime, hacking, and cryptocurrency ecosystem stories. MK holds a graduate degree from New York University’s Science, Health, and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. X You can follow MK at @MManoylov and on LinkedIn.

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