High Alert

This XRP project is shutting down after wallet flaw exposed 4,000 accounts and drained $450,000

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
This XRP project is shutting down after wallet flaw exposed 4,000 accounts and drained $450,000WorldPing
Image via CryptoSlate.

What happened

Forensics traced 10,281 payments from 4,011 sender wallets, but the attacker’s exact route remains unproven and users need entirely new seeds.

Key facts

  • Forensics traced 10,281 payments from 4,011 sender wallets, but the attacker’s exact route remains unproven and users need entirely new seeds.
  • Reported by CryptoSlate and published Fri, 11 Sep 2026 00:00:10 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Liquid Network resumes block production after $320M exploit

  2. A crypto project paying nearly 1 million people a daily income just had its reserves looted

  3. Coinbase rebrands Base App back to Coinbase Wallet after just over a year as social experiment falls short

  4. Coinbase Wallet Rebrands to Chase 'Anything, Anywhere' Trading as Robinhood Chain Heats Up

  5. Bitwise shuts down Dogecoin ETF less than a year after launch

  6. Trezor Reveals Another Data Breach After Scammers Target Marketing Platform

  7. This XRP project is shutting down after wallet flaw exposed 4,000 accounts and drained $450,000

Sources

The original report was published by CryptoSlate. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CryptoSlate

Related WorldPing coverage

Liquid Network resumes block production after $320M exploitWorldPing
Cointelegraph

Liquid Network resumes block production after $320M exploit

Liquid restarted block production after deploying emergency software updates, though transactions and peg operations remain suspended as recovery efforts continue.

Brief by WorldPing · Original reporting by Cointelegraph