In an compelling implementation of events, theft 283 million XRP (worth about $ 150 million at the current market price) from the portfolio of Ripple co -founder, Chris Larsen, was associated with a violation of the security of the Lastpass password manager. This discovery has recently been made public by an outstanding Blockchain Zachxbt researcher.
How did the ripple co -founder lose resources?
On Friday, March 7, Zachxbt got to his telegram channel participation Dump of a forfeiting complaint on Thursday by American law enforcement agencies. According to Crypto Sleuth, Larsen’s wallet lost XRP tokens worth around $ 150 million, because the co -founder kept his private keys at the Lastpass password manager.
In the context of Lastpass, he suffered significant security incidents and data violations at the end of 2022, which led to the leaks of customer data and exploit password. By September 2023, a potential relationship was established between this violation of security and over $ 35 million in cryptocurrencies stolen several victims from December 2022. As reported by Bitcoinist, about $ 4.4 million in digital assets was stolen from 85 separate portfolios belonging to 25 Lastpass users on October 25, 2023.
At the end of January 2024, Zachxbt revealed in an online post that Ripple was used for about 213 million XRP (then about $ 112.5 million). The co-founder later confirmed that he was actually “unauthorized access” to his personal XRP wallets-but not Ripple.
Source: ZachXBT/Telegram
As emphasized in the complaint about forfeiture, it seems that the private keys of the Larsen portfolio were violated in the two main violations of data security that affected the commercial password manager in 2022. The Federal United States Investigative Bureau (FBI) found that the slogans stolen in these violations were used to illegally obtain data and customer resources.
The judicial document is:
From these conversations, law enforcement agents in this case learned that the stolen data and passwords, which were stored on the accounts of the password manager by several victims, were used for illegally and without authorization, gain access to the electronic account of victims and steal information, cryptocurrency and other data.
It is worth noting that the complaint about forfeiture does not quote Lastpass as a password manager online. It mentioned, however, that one of the victims is a resident of San Francisco (the location of Larsen Linkedin shows that he was based in San Francisco City).
In the news on their telegram channel, Zachxbt explained that “until then, Chris Larsen did not publicly reveal the cause of theft.” Lately Blockchain Related researcher For the RIPPLE co -founder, a series of dormant XRP wallets with over 2.7 billion XRP (worth about 7.18 billion dollars).
Xrp price quick look
In this letter, the price of XRP is around USD 2.37, which reflects over 5% in the last 24 hours.
The price of XRP on the daily timeframe | Source: XRPUSDT chart on TradingView
A distinguished picture from the medium, chart from TradingView
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