Some personal XRP accounts have been subject to unauthorized access, as reported by the co-founder o

Ripple co-founder Chris Larsen revealed on Wednesday (Jan. 31) that there had been an instance of "unauthorized access" to a few of his personal XRP accounts. This disclosure came after a post by crypto investigator ZachXBT, who suggested that Ripple had been hacked, resulting in the loss of approximately 213 million XRP valued at $112.5 million. Larsen clarified the situation, stating, "Yesterday, there was unauthorized access to a few of my personal XRP accounts (not Ripple). We swiftly identified the issue and promptly informed exchanges to freeze the affected addresses. Law enforcement has already been notified." Furthermore, Larsen emphasized, "This is an isolated incident, and Ripple wallets remain secure and were never compromised. We have confirmed that the majority of the affected funds were converted out of XRP. We are collaborating with law enforcement and have been informed that a significant portion of the funds has been frozen, with active efforts to recover the remaining amount." Ripple CEO Brad Garlinghouse was unequivocal in his response to the incident, stating, "In light of some irresponsible speculation and reporting, I want to emphasize that NO Ripple-managed wallets were compromised. Period." He conveyed this message through social media. ZachXBT initially detected the suspicious outflow, although initially attributing it to Ripple itself. On January 30, a total of eight outgoing transactions occurred, ranging from 400,000 XRP ($200,000) to 69.7 million XRP.