XRP Bridge Loses $200,000 After Software Flaw Accepts Fake Deposits
Updated
Updated · CoinDesk · Aug 12
XRP Bridge Loses $200,000 After Software Flaw Accepts Fake Deposits
3 articles · Updated · CoinDesk · Aug 12
Summary
$200,000 was drained from an XRP bridge after an attacker claimed deposits that were never made and withdrew real tokens against the fake balances.
The exploit stemmed from a software flaw that treated fake deposits as valid, allowing nearly 200,000 XRP to be taken from the bridge.
XRP was already under pressure, briefly slipping to 99 cents before rebounding toward $1.02, with the $1 level seen as a key technical line.
Leverage has also built up ahead of U.S. CPI data, with XRP futures open interest rising to 2.67 billion XRP from 2.25 billion at the start of the month, raising the risk of sharper price swings.