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. Nearly 200,000 XRP, worth about $200,000, were drained from a bridge linking the XRP Ledger to the tx blockchain after an attacker exploited a software flaw. The bug let the bridge register non-existent deposits as real, issuing unbacked bridged XRP that the attacker then used to withdraw genuine XRP from the rese…
Why this update matters
This developing story is relevant for readers tracking cryptocurrency because it reflects fresh changes from the original source and signals where attention is shifting next.
Key details
The report was collected automatically and prepared for publication with a newsroom workflow that focuses on clarity, search visibility, and quick understanding.
Readers should review the original source for direct statements, official notices, and any later corrections or additions as the story evolves.
Related coverage
Continue reading with more reporting from the same topic cluster.