#HackersDrainOver12.4MXRPFromDCENTWallets
Here’s a fact checked, current version based on the latest reports. The incident involved 12.4M+ XRP across 7,393 wallets, with on-chain tracking showing funds moving through cross-chain services and some reaching exchange deposit addresses.
🚨 12.4M+ XRP drained. The bigger concern is what happened after the wallets were emptied.
Hackers reportedly took around 12.4M XRP from 7,393 D'CENT App Wallets between September 15–25. On-chain tracking shows the stolen XRP being moved in multiple waves, with roughly 6.3M XRP swapped toward Ethereum through cross chain routes.
📌 My Take: This is more than a wallet-security story. Large forced transfers can create short term liquidity pressure if stolen coins reach exchange or market making routes. But the hack itself does NOT automatically mean XRP's market structure is bearish.
The key now is fund movement, exchange deposits, volume and price reaction. If selling pressure appears alongside rising volume, XRP could face additional volatility. If price absorbs the news without major volume expansion, the market may be treating it as an isolated security event.
$XRP
On chain flows are the metric I’m watching most closely.
Do you think this incident will create lasting selling pressure on XRP, or remain mainly a wallet security issue? #XRP #Ripple #CryptoSecurity
Here’s a fact checked, current version based on the latest reports. The incident involved 12.4M+ XRP across 7,393 wallets, with on-chain tracking showing funds moving through cross-chain services and some reaching exchange deposit addresses.
🚨 12.4M+ XRP drained. The bigger concern is what happened after the wallets were emptied.
Hackers reportedly took around 12.4M XRP from 7,393 D'CENT App Wallets between September 15–25. On-chain tracking shows the stolen XRP being moved in multiple waves, with roughly 6.3M XRP swapped toward Ethereum through cross chain routes.
📌 My Take: This is more than a wallet-security story. Large forced transfers can create short term liquidity pressure if stolen coins reach exchange or market making routes. But the hack itself does NOT automatically mean XRP's market structure is bearish.
The key now is fund movement, exchange deposits, volume and price reaction. If selling pressure appears alongside rising volume, XRP could face additional volatility. If price absorbs the news without major volume expansion, the market may be treating it as an isolated security event.
$XRP
On chain flows are the metric I’m watching most closely.
Do you think this incident will create lasting selling pressure on XRP, or remain mainly a wallet security issue? #XRP #Ripple #CryptoSecurity
