{"id":10928,"date":"2024-02-02T14:39:19","date_gmt":"2024-02-02T14:39:19","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10928"},"modified":"2024-02-02T14:40:05","modified_gmt":"2024-02-02T14:40:05","slug":"who-is-behind-the-ripple-hack","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/who-is-behind-the-ripple-hack\/","title":{"rendered":"Who Is Behind the Ripple Hack?"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:157\">According to internet detective ZachXBT, Ripple co-founder and chairman Chris Larsen reported on January 31st that his personal accounts had been hacked.<\/p>\n<blockquote>\n<p data-sourcepos=\"3:1-3:157\">You might like:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/vsfg-prepares-to-file-for-ethereum-etf\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\"><em><strong>VSFG Prepares to File for Ethereum ETF<\/strong><\/em><\/span><\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"5:1-5:128\">The news was first reported by crypto analyst ZachXBT, and it was initially thought that the company itself had been hacked.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Yesterday, there was unauthorized access to a few of my personal XRP accounts (not <a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\">@Ripple<\/a>) \u2013 we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved. <a href=\"https:\/\/t.co\/T3HtKSlzLg\">https:\/\/t.co\/T3HtKSlzLg<\/a><\/p>\n<p>&mdash; Chris Larsen (@chrislarsensf) <a href=\"https:\/\/twitter.com\/chrislarsensf\/status\/1752702297971532258?ref_src=twsrc%5Etfw\">January 31, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-sourcepos=\"7:1-7:24\"><strong>According to Larsen:<\/strong><\/p>\n<blockquote><p><em>Yesterday, there was unauthorized access to several of my personal XRP accounts.\u00a0<\/em><em>We were able to quickly identify the issue and notify exchanges to freeze the affected addresses. <\/em><em>Law enforcement is already involved.<\/em><\/p><\/blockquote>\n<p data-sourcepos=\"13:1-13:209\">While the Ripple CEO did not provide clear information on the lost assets, ZachXBT estimates the breach to be around 213 million XRP. The price of XRP stolen at the time of the incident was $112.5 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It appears <a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\">@Ripple<\/a> was hacked for ~213M XRP ($112.5M)<\/p>\n<p>Source address<br \/>rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm<\/p>\n<p>So far the stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc <a href=\"https:\/\/t.co\/HKGYsLQeMv\">pic.twitter.com\/HKGYsLQeMv<\/a><\/p>\n<p>&mdash; ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1752694489905528943?ref_src=twsrc%5Etfw\">January 31, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-sourcepos=\"15:1-15:136\">However, as Larsen also mentioned, the police are now involved. The accounts from which the assets were stolen are currently frozen.<\/p>\n<p data-sourcepos=\"19:1-19:162\">The news of the hack spread quickly; XRP&#8217;s price then dropped by about $0.01, but quickly recovered and was almost stable about an hour after the initial report of the attack.<\/p>\n<figure id=\"attachment_10929\" aria-describedby=\"caption-attachment-10929\" style=\"width: 808px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10929\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Source-CoinMarketCap.webp\" alt=\"Source: CoinMarketCap\" width=\"808\" height=\"402\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Source-CoinMarketCap.webp 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Source-CoinMarketCap-300x149.webp 300w\" sizes=\"auto, (max-width: 808px) 100vw, 808px\" \/><figcaption id=\"caption-attachment-10929\" class=\"wp-caption-text\"><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\">Source: CoinMarketCap<\/a><\/figcaption><\/figure>\n<p data-sourcepos=\"21:1-21:165\">Ripple accounts currently seem to be fully involved in the incident. However, that is not entirely the case. Because Ripple shows that XRP holder funds are safe.<\/p>\n<p data-sourcepos=\"23:1-23:83\">The attack is one of the largest cryptocurrency-related attacks of 2024 so far.<\/p>\n<hr \/>\n<div>\n<div>\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to internet detective ZachXBT, Ripple co-founder and chairman Chris Larsen reported on January 31st that his personal accounts had been hacked. You might like:\u00a0VSFG Prepares to File for Ethereum ETF The news was first reported by crypto analyst ZachXBT, and it was initially thought that the company itself had been hacked. Yesterday, there was<\/p>\n","protected":false},"author":1,"featured_media":10930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[4089,509,506,2415],"class_list":["post-10928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-larsen","tag-ripple","tag-xrp","tag-zachxbt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Who Is Behind the Ripple Hack? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ripple co-founder and chairman Chris Larsen reported on January 31st that his personal accounts had been hacked.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/who-is-behind-the-ripple-hack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Who Is Behind the Ripple Hack? 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