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

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Bitcoinist 1d ago

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

Quick Summary:

In an interesting turn of events, the January 2024 theft of 283 million XRP (worth approximately $150 million at current market price) from the wallet of Ripple co-founder Chris Larsen has been linked to the security breach of password manager LastPass.

This discovery was recently made public by prominent blockchain investigator ZachXBT.

The United States Federal Bureau of Investigation (FBI) discovered that the passwords stolen in these breaches were used to illegally obtain customer data and assets.