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 (https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.fxstreet.com/amp/cryptocurrencies/news/ripple-executives-xrp-accounts-get-compromised-in-1125-million-hack-202401311900&ved=2ahUKEwi16MjuuoiEAxUnVUEAHR1oALEQyM8BKAB6BAgFEAI&usg=AOvVaw2hUYoB8jELAwWUxLPiy92e)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.
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.
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.
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.
(https://pbs.twimg.com/media/GFLSV_4a8AAySev?format=jpg&name=large)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).
...
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.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.
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.
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.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.
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.
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. ;D
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.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.
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.
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.All in all, the situation is as suspicious as possible. Alas, we will never know the truth. But somehow strange was the very fact that hackers sent cryptocurrency to the Centralized Exchange. It may be as you wrote. But the SEC could easily take notice of this situation. And then it's just a matter of luck. Suddenly there will be unspoken scrutiny and tc, these guys can do whatever (they) want and need.
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.
All in all, the situation is as suspicious as possible. Alas, we will never know the truth. But somehow strange was the very fact that hackers sent cryptocurrency to the Centralized Exchange. It may be as you wrote. But the SEC could easily take notice of this situation. And then it's just a matter of luck. Suddenly there will be unspoken scrutiny and tc, these guys can do whatever (they) want and need.
From the outside, to be honest? I thought Chris and a few people in his inner circle were directly involved in the scheme. Or Chris knew in advance that this break-in was going to happen. There's a lot of speculation as to what and how. ::)