XRP price dips as Ripple co-founder says personal accounts impacted in $113 million exploit | Headlines | News | CoinMarketCap
01/31/2024 23:05
The price of XRP dipped on Wednesday, causing a spike in long liquidations, as Ripple co-founder Chris Larsen said there had been "unauthorized …
The price of XRP dipped on Wednesday, causing a spike in long liquidations, as Ripple co-founder Chris Larsen said there had been "unauthorized access" to "a few of my personal accounts."
Larsen's comments followed a post on X from crypto investigator ZachXBT, who said that it appeared Ripple "was hacked" for about 213 million XRP worth $112.5 million.
XRP has declined 4.4% in the past 24 hours, falling to $0.50 at 10:30 a.m. ET, according to The Block's Price Page.
The price of XRP has dipped more than 4%.
Spike in XRP liquidations
The decline in the price of XRP led to the liquidation of over $4 million worth of leveraged XRP positions. The majority of those leveraged positions were longs, with around $3.8 million wiped out.
According to Coinglass data, total …