XRP Bridge Drained After Software Treats Fake Deposits as Real
60-second summary
A flaw in the XRP bridge's software has been exploited, allowing an attacker to create unbacked balances and withdraw XRP from the bridge's reserves, with the exact amount drained still unknown. This undetected vulnerability raises concerns about the security of cross-chain bridges, potentially compromising user trust and stability in the broader crypto market.
A flaw that went undetected during multiple audits allowed an attacker to create unbacked balances and withdraw XRP from the bridge’s reserves.