$XRP Ledger Patches a Bug That Let Token Burners Mint New Tokens
• Amendment fixCleanup3_4_0 went live Nov 4 at 14:52 UTC after two weeks of 80%+ validator support.
• The flaw let accounts authorized only to burn an issuer's tokens mint new ones under certain conditions. It hit issued assets like stablecoins, not XRP itself.
• No confirmed exploits.
• XRP ~$1.31, +2% in 24h, flat on the week.
Patching before an exploit is a quiet win for an L1 courting stablecoin issuers. I expect range trading between $1.279 and $1.341 until a clearer catalyst shows up.
Verdict: Neutral
Not financial advice. DYOR.
• Amendment fixCleanup3_4_0 went live Nov 4 at 14:52 UTC after two weeks of 80%+ validator support.
• The flaw let accounts authorized only to burn an issuer's tokens mint new ones under certain conditions. It hit issued assets like stablecoins, not XRP itself.
• No confirmed exploits.
• XRP ~$1.31, +2% in 24h, flat on the week.
Patching before an exploit is a quiet win for an L1 courting stablecoin issuers. I expect range trading between $1.279 and $1.341 until a clearer catalyst shows up.
Verdict: Neutral
Not financial advice. DYOR.
