Hacken links Ripple chairman’s hack to XRP official wallet

Blockchain auditing firm Hacken claims to have found an XRP-affiliated wallet predating the recent $112.5 million exploit on Ripple co-founder and chairman Chris Larsen’s personal wallets.

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A key executive of Ripple, the company behind the XRP ledger, may have had his personal crypto wallets compromised via an inside job. 

According to a Feb. 7 report from blockchain analytics platform Hacken, the hacker who exploited Ripple co-founder and chairman Chris Larsen’s personal wallets for $112.5 million worth of XRP (XRP) on Jan. 31 also had links to a wallet account that Ripple may have controlled.

However, the blockchain auditing firm stopped short of claiming that the attack was carried out by a Ripple employee, stating that it was “[too] early for conclusions.” Nevertheless, the firm claimed that “two wallets connected to XRP’s authorized wallet played key roles” in the attack.

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