XRP bridge drained for $200,000 after software mistook fake deposits for real ones
60-second summary
An attacker is draining the XRP bridge for $200,000 by exploiting a software vulnerability that mistakenly treats fake deposits as real ones, created from unbacked XRP on another blockchain, exchanged for real XRP held in reserve. The bridge has been halted and its operator has filed a complaint with the FBI, compromising trust in the XRP ecosystem.
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.