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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Plunges Amid Report $150M $XRP Hack Of Ripple Co-Founder's Wallet Linked To LastPass Breach

Chris Larsen Ripple XRP LastPass ZachXBT Crypto Mars
ZachXBT revealed over the weekend that a legal complaint found the $150 million $XRP hack of Ripple co-founder Chris Larsen's private wallets was linked to the massive breach of LastPass. (Credit: Latin Times)

KEY POINTS

  • As per the filing published by ZachXBT, the hack of Larsen's private digital wallets was 'the result of storing private keys in LastPass'
  • Hackers breached LastPass in mid-2022, stealing encrypted customer password vaults and unencrypted metadata of around 25 million users
  • Crypto users criticized Larsen for choosing to store his digital wallet keys on LastPass
  • ZachXBT said the Ripple co-founder should have been more transparent about the matter

XRP prices tumbled over the weekend after prominent cryptocurrency sleuth ZachXBT posted details of a forfeiture complaint filed by U.S. authorities late last week that revealed Ripple Co-founder Chris Larsen supposedly stored his wallets' private keys on password manager LastPass.

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