Chris Larsen, co-founder of Ripple, $ 150 million associated with the breach of the lastpass-Cryptomode breach
The theft of 283 million XRP from Chris Larsen’s accounts, co -founder of Ripple, was linked in January 2024 to the recent security violation, according to the complaint of confiscation submitted by American law.
The revelation, which was first highlighted by the Blockchain Zachxbt investigator, emphasizes that the attackers have managed to access the special Larsen keys due to the credit data stored in the service of the password management service.
LastPass 2022 is still one of the most harmful safety accidents in the encryption space, with the cellar of the coded password stolen in re -appearing in subsequent attacks.
Larsen confirmed that the attack was isolated for his personal accounts and did not affect the holding of Ripple.
According to the complaint of the confiscation, the special Larsen keys were stored inside the LastPass before deleting it, but not before you are at risk. The hacking of the attackers included access to encrypted cellar data and the exploitation of security weaknesses to extract sensitive information, including stored encryption data.
Blockchain Zachxbt investigator, which follows the stolen XRP via multiple exchanges, male Even this point, Larsen has not publicly revealed how the attack was carried out.
The stolen XRP, which is worth about $ 150 million at the time, was transferred through different encryption exchange, including Binance, Kaken, OKX, Mexc and Gate.io. Some exchanges managed to freeze parts of stolen money, but a large amount has already been washed
An increased pattern of encryption theft
The last penetration was linked to a broader pattern of continuous encryption theft. In December 2024, immediately before Christmas, the violation attackers stole an additional $ 45 million of at risk accounts. Cyber security experts have warned that any special keys or seed phrases stored in the last 2023 may still be in danger, given that stolen cellars remain circulating among Internet criminals.
The 283 million XRP value rose in January 2024 to more than 680 million dollars as of March 2025, highlighting the size of the loss. The attack sparked discussions on best encryption security practices, especially with regard to the risks of storing special keys in online password managers.
