🚨 Crypto market is in uproar—Coreum’s cross-chain bridge was just hacked, and nearly 200,000 XRP instantly disappeared. According to PANews, the attack occurred on August 9. The hackers exploited a verification flaw, treating forged deposits as real transactions; within 97 minutes, they executed 94 transactions in a frenzy, reducing the bridge’s balance from 200,000 down to fewer than 500. The bridge has now been paused, and there’s been no official report yet. This case is quite interesting: the attackers didn’t touch the XRP Ledger itself, didn’t steal any private keys—purely by exploiting a logic vulnerability in the cross-chain bridge relayer. Cross-chain bridges have always been the weakest link in the crypto world. This time, XRP got pulled in, showing that even flagship assets are not immune to being exploited. Going forward, two things need close attention: (1) exactly how Coreum will patch this logic vulnerability, and (2) whether the XRP Ledger itself will be affected by this incident, potentially leading to emotion-driven price fluctuations.

$XRP $ETH $BNB