Ripple Co-Founder Suffers $150 Million XRP Loss In LastPass Hack, Crypto Sleuth Finds

In a shocking revelation, the January 2024 theft of 283 million XRP (worth approximately $150 million at current market price) from the wallet of Ripple co-founder Chris Larsen has been linked to the security breach of password manager LastPass. This discovery was recently made by a seasoned crypto sleuth who claims to have uncovered the shocking connection between the two seemingly unrelated events.

The theft, which occurred on January 7, 2024, saw hackers drain approximately $150 million from Larsen's XRP wallet, leaving him with a significant financial loss. The news sent shockwaves through the cryptocurrency community, with many speculating about the motivations behind the heist and the potential security vulnerabilities that led to it.

Enter our crypto sleuth, who spent months investigating the incident and piecing together the events leading up to the theft. According to their findings, the breach was not just a simple case of hackers gaining unauthorized access to Larsen's wallet, but rather a sophisticated attack that exploited weaknesses in LastPass's password management system.

"LastPass is a trusted name in the cybersecurity space, but it seems that even the most secure systems can be vulnerable to exploitation," said our source. "The fact that hackers were able to crack the password manager and gain access to Larsen's wallet suggests a high level of sophistication and inside knowledge."

The implications of this discovery are far-reaching, with experts warning that other prominent cryptocurrency holders may also have been affected by the breach. As one expert noted, "This is a wake-up call for all of us in the crypto space. We need to be vigilant about our security measures and take steps to protect ourselves against potential threats."

As the investigation into the LastPass hack continues, we can expect more details to emerge about the motivations behind the theft and the extent of the breach. One thing is certain, however: this incident serves as a stark reminder of the importance of robust security measures in the cryptocurrency space.