A role allowed to destroy tokens could create them out of thin air?
The XRP Ledger has just fixed a vulnerability that allowed a role authorized to destroy tokens to create new ones. But the summary is clear: $XRP itself was not affected.
For ordinary token holders, seeing the word “vulnerability” doesn’t mean you should buy or sell. A fix being deployed doesn’t mean every related token was affected; and XRP not being affected doesn’t mean every other token on the ledger is in the clear.
If you hold other tokens on this ledger, you can first check whether the project team has issued a statement. The summary doesn’t list any affected tokens or provide steps for users to take, so don’t rush into action based on the headline.
When you see news like this, do you check announcements from the projects behind the tokens you hold first, or look at the price reaction?
The XRP Ledger has just fixed a vulnerability that allowed a role authorized to destroy tokens to create new ones. But the summary is clear: $XRP itself was not affected.
For ordinary token holders, seeing the word “vulnerability” doesn’t mean you should buy or sell. A fix being deployed doesn’t mean every related token was affected; and XRP not being affected doesn’t mean every other token on the ledger is in the clear.
If you hold other tokens on this ledger, you can first check whether the project team has issued a statement. The summary doesn’t list any affected tokens or provide steps for users to take, so don’t rush into action based on the headline.
When you see news like this, do you check announcements from the projects behind the tokens you hold first, or look at the price reaction?
