XRP bridge drained for $200,000 after software mistook fake deposits for real ones

An attacker created unbacked XRP on another blockchain, then exchanged it for real XRP held in reserve. The bridge has been halted and its operator has filed a complaint with the FBI.
Key Takeaways
- An attacker created unbacked XRP on another blockchain, then exchanged it for real XRP held in reserve.
- The bridge has been halted and its operator has filed a complaint with the FBI.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Hardware Wallets Aren’t the Problem, Says Ledger Exec. AI Attackers Are
Ledger's Ian Rogers says the Coldcard hack previews what AI attackers can do to weak wallet entropy. The post Hardware Wallets Aren’t the Problem, Says Ledger Exec. AI Attackers Are appeared first on BeInCrypto.
Harmony Token Falls to Record Low After Exploit Mints 4 Billion ONE
Harmony (ONE) fell to an all-time low of $0.0005735 during early Asian trading on Wednesday after a reported exploit minted roughly 4 billion tokens without authorization. The minted amount equals about 26% of ONE’s total supply. Harmony said it is…

Harmony considers rollback after suspected exploit inflates ONE supply
Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE hit trading platforms.