NEW: Nearly 200,000 $XRP was drained from an XRPL bridge The bridge lost roughly **199,916 XRP** after a software flaw allowed fake deposits to be treated as real ones. The result? The bridge's XRP reserve was almost completely drained, leaving the bridged XRP on the other side **no longer fully backed 1:1**. The important part here is that **XRPL itself wasn't hacked. The vulnerability was in the infrastructure connecting the two networks. This is why cross-chain DeFi needs more than just good liquidity and fast execution. The security model behind how assets move between chains matters just as much. For anyone using bridges or cross-chain assets, I'd be paying attention to: → How the bridge verifies deposits → What actually backs the bridged asset → Whether the bridge is currently operational → What happens if something goes wrong Cross-chain is clearly becoming a bigger part of DeFi, but incidents like this show why **trustless execution, transparent collateral and strong verification** are so important. Moving assets across chains shouldn't just be convenient. **It needs to be secure too. #Ripple $COW