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Ripple news: XRP bridge drained after software mistook fake deposits for real ones

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.

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cryptobriefing.com

benzinga.com

coindesk.com

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AI · summaries

coindesk.comStai leggendo8 h fa

Ripple news: XRP bridge drained after software mistook fake deposits for real ones

The $200k tx XRP bridge drain resulted from software that registered fake deposits as real, enabling attackers to mint unbacked tokens and withdraw reserves. The flaw exposes a bridge weakness: relayers validate signatures but cannot verify deposits actually reach the vault.

originale

cryptobriefing.com18 h fa

Nearly 200,000 XRP drained from Coreum cross-chain bridge exploit

The Coreum XRP bridge lost 200k via relayer bug accepting fake deposits; 94 withdrawals executed in 97 minutes. Relayer-based verification without cryptographic proofs creates critical DeFi risk; this incident shows why cross-chain bridges need stronger security.

Timeline cronologica

martedì 11 agosto 2026·cryptobriefing.com
Nearly 200,000 XRP drained from Coreum cross-chain bridge exploit
A deposit verification flaw in the Coreum cross-chain bridge allowed an attacker to drain 199,916 XRP in 97 minutes through 94 fraudulent
martedì 11 agosto 2026·benzinga.com
XRP Falls to $1 as a Bridge Hack Drains 200,000 XRP: What's Going On?
XRP falls below $1 for the first time since November 2024 after a Coreum bridge exploit drains roughly 200,000 XRP.

Ripple news: XRP bridge drained after software mistook fake deposits for real ones

Nearly 200,000 XRP drained from Coreum cross-chain bridge exploit

Timeline cronologica

Nearly 200,000 XRP drained from Coreum cross-chain bridge exploit

XRP Falls to $1 as a Bridge Hack Drains 200,000 XRP: What's Going On?

XRP Falls to $1 as a Bridge Hack Drains 200,000 XRP: What's Going On?

Ripple news: XRP bridge drained after software mistook fake deposits for real ones