🚨 Coreum-XRPL Bridge Drained of ~200K XRP in 97-Minute Exploit ⚠️
A cross-chain bridge connecting Coreum to the XRP Ledger was hit on August 9, resulting in the loss of approximately 199,916 XRP.
What happened: • Attacker exploited a flaw in the bridge’s relay logic during deposit verification
•Forged deposit activity was accepted as legitimate
• This triggered real withdrawals from the bridge’s XRPL wallet
• 94 multisignature-authorized transactions executed over 97 minutes
• Bridge balance dropped from ~200,410 XRP to just 493.5 XRP
Important clarification: • This was not a breach of the XRP Ledger itself, nor did it involve any private key leaks. The issue was isolated to the third-party bridge’s verification system (requiring 17 of 28 relayer signatures).
• As of the latest reports, the bridge remains suspended and the Coreum Development Foundation has not yet released a full official incident report.
Another reminder of the risks that still exist in cross-chain infrastructure.
Cross-chain security remains a critical weak point. 👀
Have you pulled funds from smaller bridges after recent exploits? Share your thoughts below 👇
🚨 Bitcoin ETFs Surge with $854M Weekly Inflows — CPI Set as Key Test 📈
US spot Bitcoin ETFs just delivered their strongest week in months.
Key Numbers: • Bitcoin ETFs: $854 million in net inflows over five straight trading days
• Ethereum ETFs: $245 million — fifth consecutive week of inflows
• Combined: ~$1.1 billion
• BlackRock accounted for more than 80% of the total
The buying came on relatively low volume, which analysts say looks more like planned institutional allocation than aggressive momentum chasing.
Wintermute’s Warning: Wednesday’s US CPI data will be a critical test. If inflation comes in hotter than expected and pushes September rate-hike odds back above 50%, the current rally logic could shift quickly.
Other Notable Developments: • Wells Fargo plans to launch tokenized deposits this autumn (starting with a USD-GBP corridor on its own chain), joining JPMorgan and Citi in moving settlement on-chain
• CLARITY Act procedural vote set for September 15
Near-term calendar is packed: CPI (Aug 12), PPI (13), retail sales (14), Jackson Hole (27–29), and the CLARITY vote in mid-September.
Institutions are buying — but macro still holds the key. 👀
Are these ETF inflows the start of a stronger trend, or just temporary relief? Drop your take below 👇