🚨 $XRP BRIDGE EXPLOIT: THE DEPOSIT THAT NEVER EXISTED
Roughly 200,000 bridged $XRP was reportedly drained across 94 payments after an attacker exploited deposit-detection logic.
The bridge reportedly treated transactions that delivered nothing as legitimate deposits, allowing fake bridged XRP to be minted and swapped for real $XRP . 😳
The scary part? Every payment was reportedly signed by 17 of 28 relayers, while the bridge’s own records considered the deposits valid.
Ripple’s XRP Ledger itself wasn’t compromised.
This shows a deeper bridge risk: valid signatures mean little if the underlying event being verified is wrong.
According to txEcosystem, bridged XRP is no longer fully backed.
One bad assumption can create millions in losses. 💀
Are bridges verifying reality, or just verifying messages?
Roughly 200,000 bridged $XRP was reportedly drained across 94 payments after an attacker exploited deposit-detection logic.
The bridge reportedly treated transactions that delivered nothing as legitimate deposits, allowing fake bridged XRP to be minted and swapped for real $XRP . 😳
The scary part? Every payment was reportedly signed by 17 of 28 relayers, while the bridge’s own records considered the deposits valid.
Ripple’s XRP Ledger itself wasn’t compromised.
This shows a deeper bridge risk: valid signatures mean little if the underlying event being verified is wrong.
According to txEcosystem, bridged XRP is no longer fully backed.
One bad assumption can create millions in losses. 💀
Are bridges verifying reality, or just verifying messages?