Key Highlights:

• ZachXBT alleges a massive $112 million hack on Ripple.
• 213 million XRP reportedly stolen and laundered through multiple exchanges.
• XRP’s price drops by 5% following the hack news.

Ripple’s Rough Ride: A Hefty Hack

Paradisers, In what seems like a plot twist in a crypto thriller, ZachXBT, an on-chain sleuth, has dropped a bombshell: Ripple, the renowned blockchain-based digital payment protocol, has allegedly been hacked for a staggering $112 million. This news has sent shockwaves through the crypto community, with Ripple fans and foes alike reeling from the revelation.

The Great XRP Heist

The hacker, who clearly wasn’t here to play small, reportedly made off with 213 million XRP. But they didn’t just stop there. In a move that would make even the slickest of money launderers tip their hats, the stolen XRP was funneled through a string of high-profile exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, and HitBTC.

XRP’s Price Plunge

As the news of the hack spread like wildfire, XRP’s price took a nosedive, dropping by up to 5%. Investors and traders scrambled, with some probably wishing they had a crystal ball to foresee this tumultuous event.

Ripple’s Response and Market Impact

While the crypto world waits with bated breath for Ripple’s official response, the incident raises questions about security measures and the robustness of blockchain protocols. This hack not only impacts Ripple’s reputation but also sends a cautionary tale across the crypto landscape.

In the dynamic world of crypto, information is power. But what if you could have more than just information? Get insider News we use for trading, unlock access to private news channels:

1️⃣🔍Digest

Time is precious. Get the day’s pivotal events, distilled to perfection. No noise, just essence.

2️⃣🧠Expert

Ever wondered about the ‘why’ behind the news? Our ParadiseTeam experts decode the intricacies for you, giving you an edge.

3️⃣🔐Exclusive

Step into the realm of elite insights. Content that’s not just informative, but transformative.

Why be a spectator when you can lead the charge? With MCP🗞NEWS PRIVATE channels, you’re not just better informed; you’re ahead. CLICK HERE to find out more about what you will get, UNLOCK the PRIVATE sections, and embark on a crypto journey like no other!