• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home XRP

Ripple Co-Founder Suffers $150 Million XRP Loss In LastPass Hack, Crypto Sleuth Finds

n70products by n70products
March 9, 2025
in XRP
0
Ripple Co-Founder Suffers 0 Million XRP Loss In LastPass Hack, Crypto Sleuth Finds
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


safe

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Ad Disclosure

In an attention-grabbing flip of occasions, the January 2024 theft of 283 million XRP (value roughly $150 million at present market value) from the pockets of Ripple co-founder Chris Larsen has been linked to the safety breach of password supervisor LastPass. This discovery was just lately made public by distinguished blockchain investigator ZachXBT.

How Did The Ripple Co-Founder Lose His Belongings?

On Friday, March 7, ZachXBT took to their Telegram channel to share a screenshot of a forfeiture criticism submitted on Thursday by US regulation enforcement. In accordance with the crypto sleuth, Larsen’s pockets misplaced roughly $150 million value of XRP tokens as a result of the co-founder saved his personal keys in a password supervisor named LastPass.

For context, LastPass suffered vital safety incidents and information breaches in late 2022, which led to buyer information leaks and password vault exploits. By September 2023, a possible hyperlink was established between this safety breach and greater than $35 million in cryptocurrency stolen from a number of victims since December 2022. As reported by Bitcoinist, roughly $4.4 million in digital belongings had been stolen from 85 distinct wallets belonging to 25 LastPass customers on October 25, 2023 alone.

In late January 2024, ZachXBT revealed in a web-based submit that Ripple had been exploited for about 213 million XRP (value roughly $112.5 million on the time). The co-founder later confirmed that there had certainly been “unauthorized entry” to his private XRP wallets — however not Ripple’s.

Ripple

Supply: ZachXBT/Telegram

As highlighted within the forfeiture criticism, it appears Larsen’s personal pockets keys had been compromised within the two main information safety breaches that affected a industrial on-line password supervisor in 2022. The US Federal Bureau of Investigation (FBI) found that the passwords stolen in these breaches had been used to illegally receive buyer information and belongings.

The court docket doc learn:

From these conversations, regulation enforcement brokers on this case discovered that the stolen information and passwords that had been saved in a number of victims’ on-line password supervisor accounts had been used to illegally, and with out authorization, entry the victims’ digital accounts and steal data, cryptocurrency, and different information.

It’s value noting that the forfeiture criticism doesn’t cite LastPass as the web password supervisor. Nonetheless, it did point out that one of many victims is a San Francisco resident (Larsen’s LinkedIn location reveals that he’s based mostly in San Francisco metropolis).

Within the message on their Telegram channel, ZachXBT clarified that “up so far Chris Larsen had not publicly disclosed the reason for the theft.” Not too long ago, the blockchain investigator linked to the Ripple co-founder a sequence of dormant XRP wallets, with over 2.7 billion XRP (value round $7.18 billion).

XRP Worth Fast Look

As of this writing, the worth of XRP stands at round $2.37, reflecting an over 5% up to now 24 hours.

Ripple

The worth of XRP on the day by day timeframe | Supply: XRPUSDT chart on TradingView

Featured picture from Medium, chart from TradingView

safe

Editorial Course of for bitcoinist is centered on delivering totally researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our staff of prime expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.



Source link

Tags: CoFounderCryptoFindsHackLastPasslossMillionRippleSleuthSuffersXRP
Previous Post

Bitcoin investors share mixed reactions to White House Crypto Summit

Next Post

Dogecoin Price Turns Bullish With 1-Day RSI In Oversold Region, Why DOGE Can Reach $0.9

Next Post
Dogecoin Price Turns Bullish With 1-Day RSI In Oversold Region, Why DOGE Can Reach alt=

Dogecoin Price Turns Bullish With 1-Day RSI In Oversold Region, Why DOGE Can Reach $0.9

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout

Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout

November 14, 2024
US DOJ requests 20-year sentence for Celsius founder Alex Mashinsky

US DOJ requests 20-year sentence for Celsius founder Alex Mashinsky

April 29, 2025
Cardano Bounce Losing Strength? ADA Recovery Could Fade Soon

Cardano Bounce Losing Strength? ADA Recovery Could Fade Soon

May 7, 2025

Recents

Crypto Analyst Predicts  Dogecoin After Exhausted Selling Phase

Crypto Analyst Predicts $4 Dogecoin After Exhausted Selling Phase

June 20, 2025
White House Crypto Czar David Sacks Says One Catalyst Could Create Trillions of Dollars of New Demand for US Treasuries

White House Crypto Czar David Sacks Says One Catalyst Could Create Trillions of Dollars of New Demand for US Treasuries

June 20, 2025
Who are the companies hoarding bitcoin?

Who are the companies hoarding bitcoin?

June 20, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version