Ripple Co-Founder Falls Victim To Hack, Loses $112 Million
Ripple Co-Founder Falls Victim To Hack, Loses $112 Million Ripple co-founder Chris Larsen has reported that he was targeted by hackers who gained access to personal XRP accounts, leading to Larsen losing around $112 million. Larsen made the revelation after blockchain investigator ZachXBT made a post flagging suspicious transfers of XRP, stating it appeared Ripple was hacked. Ripple Co-Founders Account Compromised Ripples co-founder and executive chairman Larsen took to X to disclose the hack, stating that hackers accessed his personal Ripple accounts. He stressed that this breach did not impact Ripple in any way. He added that they could notify exchanges and get the addresses involved in the breach frozen. “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.” Larsen added that all Ripple wallets were secure and were not compromised in the first place. He also added that they were working with law enforcement, adding that a significant portion of the stolen funds were frozen and are pursuing the remainder. “This is an isolated incident, and Ripple wallets are secure / were never compromised. We‘ve confirmed nearly all