XRP Cross-Chain Bridge Loses $200K After Fake Deposit Exploit

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A cross-chain XRP bridge was drained of $200,000 following a sophisticated attack that exploited a software flaw. The attacker minted unbacked XRP tokens on a separate blockchain and tricked the bridge's system into treating them as legitimate deposits. This allowed the bad actor to swap the fake tokens for real XRP held in the bridge's reserves. The bridge operator has since suspended operations to prevent further losses. A complaint has been filed with the FBI as authorities begin investigating the incident.

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