Ripple's XRP Drops 5% Amid Report of Potential $112M Hack

Ripple‘s XRP token has fallen by more than 5% following a report of a possible hack worth $112.5 million.

Blockchain sleuth ZachXBT (formerly Twitter) that 213 million XRP tokens had been siphoned out of one wallet, before being laundered through multiple exchanges including Binance, Kraken and OKX.

XRP is currently trading at $0.497 having began the day at $0.525, according to CoinDesk data.

Ripple did not immediately respond to CoinDesk’s request for comment.

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2024-01-31 17:32