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Hackers steal $112 million of XRP Ripple cryptocurrency

ID: 5df61f1f-028c-5157-81dc-4c1f35ed0094

STIX ID: report--5df61f1f-028c-5157-81dc-4c1f35ed0094

Feed Name: TechCrunch Security News

Threat Score
70/100

Date Published: 2024-01-31

Date Updated: 2026-04-23

Author: Lorenzo Franceschi-Bicchierai

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On Tuesday, attackers stole approximately $112 million in XRP from personal accounts tied to Ripple co-founder Chris Larsen; the funds were rapidly laundered through multiple exchanges (including Binance and Kraken) and some affected addresses were frozen after notification. Ripple says its corporate systems were not impacted, exchanges are cooperating with investigators, and law enforcement has been notified; the incident is the largest reported crypto theft of 2024 to date.

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