Ripple Co-founder Faces $113 Million Hack, XRP Value Plummets

By: Isha Das

The value of the Ripple's XRP token has taken a hit, depreciating by 5% following an enormous hack. Approximately $112.5 million was reportedly stolen from the personal crypto wallets of co-founder Chris Larsen. In addition to this, blockchain analyst ZachXBT has revealed that about 213 million XRP tokens were illicitly transferred and laundered through various exchanges.