Ripple executive Chris Larsen was hacked.

[Thyplaymaker]

I don't actually know if most of you have heard about the news concerning on how Ripple executive Chris Larsen was hacked on Tuesday with a few of his personal accounts compromised and all that, because I just stumbled upon it Recently. click for further information here

[bitterguy28]

I don't actually know if most of you have heard about the news concerning on how Ripple executive Chris Larsen was hacked on Tuesday with a few of his personal accounts compromised and all that, because I just stumbled upon it Recently. click for further information here

Here we are now ,  Ripple cannot stop having issue and problem  they have just won the case against SEC and now their accounts was being compromised this added problems to lessen the support given to Ripple because they cannot even keep their personal accounts safer or else this is an attack from higher groups , but lets see the drama about this to reflect in the market.

[Husires]

My problem is not with his wallet being hacked, as it is his responsibility to keep his $112M XRP safe, but with how to freeze the hackers’ addresses before notifying the exchanges and law enforcement authorities, thus proving that XRP is highly centralized. Its only use is for cheap and secure international transactions at the protocol level, and it can be frozen just like in financial systems. However, if you are hacked at the individual level, you lose your XRP, which makes it very bad.

On January 30, 2024, a shocking news broke out in the crypto world: Chris Larsen, the co-founder and executive chairman of Ripple, the company behind the XRP cryptocurrency, reported that his personal XRP accounts were hacked and $112 million worth of XRP were stolen by unknown attackers.

Larsen, who is one of the richest people in crypto, said that he was able to freeze the affected addresses and notify the exchanges and law enforcement. He also clarified that the hack did not affect Ripple or the XRP Ledger, the decentralized network that powers XRP transactions.

[Bitcoin_people]

I also heard this news and saw that a major cryptocurrency XRP has been hacked. This is really a pain for investors as the value of this coin was at a high point but since this news came out the price of the coin has gone down a lot. I invested in this XRP but now I am in big loss if the market doesn't recover again investors will lose a lot of money.

[KryptoBull]

I also heard this news and saw that a major cryptocurrency XRP has been hacked. This is really a pain for investors as the value of this coin was at a high point but since this news came out the price of the coin has gone down a lot. I invested in this XRP but now I am in big loss if the market doesn't recover again investors will lose a lot of money.

Stay calm and don't worry, everything is fine with Ripple, XRP and investors.

Chris Larsen's account was hacked, not Ripple's network and protocol are hacked. Chris Larsen needs to protect his account better so he doesn't waste time contacting hackers to request to freeze his account.

112M USD is a huge amount of money, condolences to Chris Larsen. I hope Chris Larsen doesn't store all the XRP in 1 single account.

[Carbitcoin]

This incident highlights the challenges facing cryptocurrencies and the need for strong security measures to protect digital assets.  Despite the failure, it is worth noting that the breach was limited to personal accounts and did not directly affect Ripple's transaction funds or its broader user base.

[MrSpasybo]

This incident highlights the challenges facing cryptocurrencies and the need for strong security measures to protect digital assets.  Despite the failure, it is worth noting that the breach was limited to personal accounts and did not directly affect Ripple's transaction funds or its broader user base.

Since the earliest days of the market, security has always been a priority for users because it is the only way to access our accounts and assets. I'm not sure how Chris Larsen stored his private keys, but maybe it wasn't good enough.

Using multiple hardware wallets and writing + saving private keys is necessary to protect huge assets worth hundreds of millions of dollars. I hope the hacker will contact to return most of the assets, anyway it is not easy for him to use that stolen XRP 😅

[trendcoin]

When I first saw the news, I couldn't believe it. However, since XRP is a coin that is constantly in the news with absurd news, I didn't pay much attention to it. Anyway, Chris Larsen contacted law enforcement and exchanges to have the hackers' addresses blacklisted, according to his Twitter account. Actually, since they are a centralized cryptocurrency, they could have done it themselves. They kept law enforcement and exchanges unnecessarily busy. :)

https://twitter.com/zachxbt/status/1752694489905528943

ripple'ın kurucusu chris larsen kişisel cüzdanını patlatmış. 112,5 milyon dolarlık xrp hackerlar tarafından borsalara gönderilmiş. chris larsen twitter'dan yaptığı açıklamada borsalarla ve güvenlik güçleri ile iletişime geçtiklerini ve hesapları kara listeye aldıklarını açıklamış (https://twitter.com/chrislarsensf/status/1752702297971532258).
...

[NikeFit_7777]

You know, it's a pretty weird situation. Hackers are not hackers at all (as far as I'm concerned). They took the stolen funds and sent them to a decentralized exchange. Who would do such a thing?  Real hackers wouldn't let this happen. Imagine if they sent funds to their personal accounts.

P.S. Has anyone ever wondered if it might not be a hack at all? Dust in the eyes, so to speak. This is not a statement of fact, my personal thoughts and how I see this situation.

Confirmation from Richard Teng: https://twitter.com/_RichardTeng/status/1753100751713517903

[Freemind]

Hacked? These facts seem like a very "timely" problem... I don't know what others think, but it seems to me that this hack comes just in time to deal another blow to Ripple's image in general. When it looked like Ripple might emerge with its head held high and its brand image intact after trouble with the SEC, one of Ripple's executive had several wallets hacked to (oh surprise) undermine Ripple's reputation.

Although Chris Larsen says that the exchanges have been notified with the purpose of freezing those accounts and that they have already notified the authorities to take the necessary legal action, the damage has already been done. I am sure that the SEC will use these facts to attack Ripple in court and try, as I said in another of my posts, try to kill the beast when it is on the ground.

[masudginanjar]

As far as I know, the Ripple coin system is centralized and could be manipulated by the CEO of Ripple coin and if Ripple Executive Chris Larsen's wallet is hacked, that means it just needs to be frozen.
It's simple and easy for the Ripple coin to freeze an asset that has been hacked, because it is said that the Ripple coin system is centralized.

Or it could be that this is manipulation by Ripple Executive Chris Larsen to create a drama about the Ripple coin so that there will be bad news and the price of the Ripple coin will dump.
This is just my bad prejudice because it is very strange for me if Ripple Executive Chris Larsen experienced a wallet hack, because he definitely has a very high level of security for the Ripple coin itself.

[NikeFit_7777]

Hacked? These facts seem like a very "timely" problem... I don't know what others think, but it seems to me that this hack comes just in time to deal another blow to Ripple's image in general. When it looked like Ripple might emerge with its head held high and its brand image intact after trouble with the SEC, one of Ripple's executive had several wallets hacked to (oh surprise) undermine Ripple's reputation.

Although Chris Larsen says that the exchanges have been notified with the purpose of freezing those accounts and that they have already notified the authorities to take the necessary legal action, the damage has already been done. I am sure that the SEC will use these facts to attack Ripple in court and try, as I said in another of my posts, try to kill the beast when it is on the ground.

I doubt that it is exactly a blow to reputation on the part of Sec. Undoubtedly (it may seem) that there is a connection, but it seems unlikely to me. What is their interest? I think they value their reputation. Regarding the court case - yes, they can once again test Ripple for security, etc.

I am more inclined to think that everything was planned and some people from Ripple have a direct relation to this event. Maybe (it) will be unproven - but the situation is as strange as possible. As always, too many questions and so few answers. Maybe someday we'll know the real truth. But it's not certain. 

[bitterguy28]

As far as I know, the Ripple coin system is centralized and could be manipulated by the CEO of Ripple coin and if Ripple Executive Chris Larsen's wallet is hacked, that means it just needs to be frozen.
It's simple and easy for the Ripple coin to freeze an asset that has been hacked, because it is said that the Ripple coin system is centralized.

Or it could be that this is manipulation by Ripple Executive Chris Larsen to create a drama about the Ripple coin so that there will be bad news and the price of the Ripple coin will dump.
This is just my bad prejudice because it is very strange for me if Ripple Executive Chris Larsen experienced a wallet hack, because he definitely has a very high level of security for the Ripple coin itself.

Well we cannot take the drama in here , this can be a made up story just to have noise again because XRP is truly in the dark area now seeing almost every currencies are bringing greenish but ripple stays same value so this means this coin is having nothing good in the coming months or even year.

[Freemind]

I doubt that it is exactly a blow to reputation on the part of Sec. Undoubtedly (it may seem) that there is a connection, but it seems unlikely to me. What is their interest? I think they value their reputation. Regarding the court case - yes, they can once again test Ripple for security, etc.

I am more inclined to think that everything was planned and some people from Ripple have a direct relation to this event. Maybe (it) will be unproven - but the situation is as strange as possible. As always, too many questions and so few answers. Maybe someday we'll know the real truth. But it's not certain. 

There are many possibilities as to what really happened, but I think it is very coincidental that these events occur right at times like this, knowing the problems Ripple has with the SEC. Don't you think it could be the most opportune time for the SEC to add "the poor security" of Ripple products and the threat it poses to its users?. I think it would be a very sure blow for the SEC and a very hard blow for Ripple.

I don't think the SEC will use an argument like the "hacking" of Larsen's wallets, but I think it's a possibility they could use if Ripple gained ground judicially. A security audit for Ripple would not be good publicity for them and could ruin all the products they offer to the public.

[MUGNIA]

As far as I know, the Ripple coin system is centralized and could be manipulated by the CEO of Ripple coin and if Ripple Executive Chris Larsen's wallet is hacked, that means it just needs to be frozen.
It's simple and easy for the Ripple coin to freeze an asset that has been hacked, because it is said that the Ripple coin system is centralized.

Or it could be that this is manipulation by Ripple Executive Chris Larsen to create a drama about the Ripple coin so that there will be bad news and the price of the Ripple coin will dump.
This is just my bad prejudice because it is very strange for me if Ripple Executive Chris Larsen experienced a wallet hack, because he definitely has a very high level of security for the Ripple coin itself.

Well we cannot take the drama in here , this can be a made up story just to have noise again because XRP is truly in the dark area now seeing almost every currencies are bringing greenish but ripple stays same value so this means this coin is having nothing good in the coming months or even year.

However, the commotion they created made the community increasingly unsure of Ripple in the future, and it could be said that Ripple will not get the green light again in the near future.
There's too much drama in my opinion for whatever purpose, even though by winning the SEC lawsuit they have restored the community's trust.