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Home » Ripple Co-Founder’s Personal XRP Wallet Breached in $112 Million Hack – HackRead

Ripple Co-Founder’s Personal XRP Wallet Breached in $112 Million Hack – HackRead

Ripple Co-Founder’s Personal XRP Wallet Breached in $112 Million Hack – HackRead

Ripple CEO Brad Garlinghouse has also confirmed that the XRP wallet belonging to Ripple’s co-founder, Chris Larsen, was indeed hacked emphasizing that this incident was isolated and did not constitute a breach of Ripple as a cryptocurrency asset.Another day, another shock for the cryptocurrency industry. Unknown hackers have successfully managed to steal $112 million worth of XRP, Ripple’s native token, in a recent hacking incident. As a result of speculations surrounding the hacking, Ripple’s XRP token fell over 4% to $0.50. However, reports suggest the funds were stolen from Ripple co-founder Chris Larsen’s personal wallet and not from cryptocurrency firm Ripple itself.According to… 

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