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XRP bridge drained for $200,000 after software mistook fake deposits for real ones

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An attacker created unbacked XRP on another blockchain, then exchanged it for real XRP held in reserve. The bridge has been halted and its operator has filed a complaint with the FBI.

Key takeaways

  • 01An attacker created unbacked XRP on another blockchain, then exchanged it for real XRP held in reserve.
  • 02The bridge has been halted and its operator has filed a complaint with the FBI.
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