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Whale Alert, which provides alerts for whale transactions, stated that a total of $147 billion worth of Ripple (XRP) coins were transferred to the Binance and Bitfinex cryptocurrency exchanges.

This transfer was first reported by blockchain monitoring platform X account Whale Alert. It was claimed that an unknown wallet sent 25.6 billion XRP to Bitfinex. This amount is equivalent to almost half of the total supply of XRP.

Bitfinex CEO Paolo Ardoino quickly made a statement on the matter:

“Someone tried to launch a “Partial Payments Attack” (Partial Payments Attack) on Bitfinex.

However, thanks to Bitfinex’s efficient processing of the ‘delivered_amount’ (delivered amount) data field, the attack failed…”

Someone attempted to attack @bitfinex via "Partial Payments Exploit".
Attack failed since Bitfinex properly handles 'delivered_amount' data field.https://t.co/EiGw9UQmmq

(updated with better gif) https://t.co/8I7vlO05ou pic.twitter.com/DxOnJLLkhU

— Paolo Ardoino (@paoloardoino) January 14, 2024

Therefore, the situation is as follows; the attacker tried to send a misleading transaction worth 147 billion dollars of Ripple (XRP) coins to major exchanges such as Binance and Bitfinex, using the “Partial Payments” feature that allows a payment transaction to take less than the amount sent from the sender.

The attack attempt on XRP is a reminder of the risks associated with cryptocurrencies. It is important to be aware of the potential for attacks and to take steps to protect yourself.

The post Billion-Dollar Attack Attempt on XRP! appeared first on Coin Engineer.