Ripple's Chairman Chris Larsen's personal XRP accounts were hacked, resulting in the unauthorized access to 213 million XRP worth approximately $112.5 million. The hack was first reported by crypto analyst ZachXBT. Larsen confirmed the incident on January 31, 2024, stating that his personal accounts, not associated with Ripple, were compromised. He quickly addressed the issue by notifying exchanges to freeze the affected addresses and involved law enforcement. The news of the hack caused a temporary dip in XRP's price, but it quickly rebounded. Further details are awaited as the investigation continues.

Ripple’s Chairman, Chris Larsen, said on Jan.31 that his personal accounts were hacked. The news was first reported by crypto analyst “ZachXBT,” where it was initially thought that company itself had been hacked. Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple ) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved. https://t.co/T3HtKSlzLg — Chris Larsen (@chrislarsensf) January 31, 2024 According to Larsen: “Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved. The Ripple chairman didn’t confirm the amounts but, per ZachXBT, the breach netted 213 million XRP worth about $112.5 million as of the time of the event. Theft addresses rGhR13XyM43WdDaSMznHd5rZ4cJatybvEg rHQVKntyfkDCPhEBL2ctryuEAkDZgckmmV rLsUemhuBZtF44rqqzneb2F9JgyrRYYd4t rKPERax7t9iFvT3RHXn5nifyNpzp9a4hBa rpjs4HLX1gJoEenH69PsQmXaXY22QhCYAT rLRhugR4ysNa2xkt4E6fKN8krs9jatCp6w rnCyeUNvfDbtTagGEPjBfTCBz6EqJjf2Uj… — ZachXBT (@zachxbt) January 31, 2024 News of the hack spread swiftly; the price of XRP subsequently dipped by about $0.01, but it rebounded quickly and remains near flat nearly an hour after the hack was initially reported. This is a developing story, and further information will be added as it becomes available. 

Ripple Chairman Chris Larsen's Personal XRP Accounts Hacked for $112.5M