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XRP Bridge Flaw Triggers Shocking $200K Token Loss

Covered by 1 source · 1 article

TL;DR Nearly 200,000 XRP worth about $200,000 were drained after bridge software accepted fake deposits and issued unbacked bridged XRP. The attacker redeemed those synthetic balances for genuine XRP, while 17 of 28 relayers approved payout…

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XRP Bridge Flaw Triggers Shocking $200K Token Loss
Crypto Economy 2h ago

XRP Bridge Flaw Triggers Shocking $200K Token Loss

TL;DR Nearly 200,000 XRP worth about $200,000 were drained after bridge software accepted fake deposits and issued unbacked bridged XRP. The attacker redeemed those synthetic balances for genuine XRP, while 17 of 28 relayers approved payout…