$ETH $XRP $BNB 🚨 7,300+ WALLETS DRAINED… OVER 12.4M XRP GONE! 😳🔓
A major wallet security incident involving D’CENT has turned into a massive XRP loss — and the most alarming part is that the draining reportedly continued even after warnings were issued.
📌 What Happened?
🔹 D’CENT confirmed a security breach affecting its App Wallet on September 16, after compromised private keys were reportedly exploited.
🔹 In the first wave, around 3.6M XRP was drained from approximately 1,682 wallets in less than three hours.
🔹 Attackers reportedly used both manual transfers for larger balances and automated scripts to sweep smaller holdings.
🔹 Even after public warnings, another 640K+ XRP was reportedly drained after September 21.
🔹 By September 25, total losses had reached roughly 12.4M XRP, estimated at around $18–20M.
⚠️ The XRP Ledger itself wasn’t hacked.
The transactions were reportedly signed using valid credentials linked to compromised private keys — making this a wallet/key-security incident rather than a protocol-level exploit.
🌉 Then came the bigger problem…
A significant portion of the stolen XRP reportedly moved across chains through THORChain, making fund tracing and potential recovery more complicated.
🛡️ D’CENT has said it is working with law enforcement and has urged affected App Wallet users to generate new recovery phrases immediately.
💡 The Bigger Lesson
Crypto security isn't only about the blockchain.
Sometimes, the biggest vulnerability sits one layer above it — in wallet software, private-key handling, or how quickly users can be warned during an active breach.
And once stolen assets begin moving across multiple chains, recovery can become significantly harder.
🤔 What do you think?
Should wallet providers have stronger emergency systems to instantly alert affected users during an active breach — or does self-custody ultimately mean users must remain the final line of defense?
#XRP #CryptoSecurity #WalletHack #DCENT #CryptoNews
A major wallet security incident involving D’CENT has turned into a massive XRP loss — and the most alarming part is that the draining reportedly continued even after warnings were issued.
📌 What Happened?
🔹 D’CENT confirmed a security breach affecting its App Wallet on September 16, after compromised private keys were reportedly exploited.
🔹 In the first wave, around 3.6M XRP was drained from approximately 1,682 wallets in less than three hours.
🔹 Attackers reportedly used both manual transfers for larger balances and automated scripts to sweep smaller holdings.
🔹 Even after public warnings, another 640K+ XRP was reportedly drained after September 21.
🔹 By September 25, total losses had reached roughly 12.4M XRP, estimated at around $18–20M.
⚠️ The XRP Ledger itself wasn’t hacked.
The transactions were reportedly signed using valid credentials linked to compromised private keys — making this a wallet/key-security incident rather than a protocol-level exploit.
🌉 Then came the bigger problem…
A significant portion of the stolen XRP reportedly moved across chains through THORChain, making fund tracing and potential recovery more complicated.
🛡️ D’CENT has said it is working with law enforcement and has urged affected App Wallet users to generate new recovery phrases immediately.
💡 The Bigger Lesson
Crypto security isn't only about the blockchain.
Sometimes, the biggest vulnerability sits one layer above it — in wallet software, private-key handling, or how quickly users can be warned during an active breach.
And once stolen assets begin moving across multiple chains, recovery can become significantly harder.
🤔 What do you think?
Should wallet providers have stronger emergency systems to instantly alert affected users during an active breach — or does self-custody ultimately mean users must remain the final line of defense?
#XRP #CryptoSecurity #WalletHack #DCENT #CryptoNews
