The good news? $ XRP discovered a serious security violation integrated into its JavaScript library, before the feat is apparently used.
The bad news? XRP Ledger, one of the oldest blockchains, is used by thousands of programs and applications around the world. There are more than 6 million accounts on the Ledger XRP (XRPL), a figure that has increased by 24% since January 2024.
Essential early detection to avoid disaster
The Aikido cybersecurity company discovered the critical stolen door in a NPM package linked to the XRPL ecosystem.
The malicious code was designed to steal private keys, making it one of the most sophisticated blockchain attacks in recent memory.
On April 21, the anonymous striker infected an infected javascript package – part of the open source battery of XRPL – to include a stolen door capable of stealing cryptocurrency portfolio. The code extracted from private keys whenever new ones was created and sent information on an external website.
Anyone who has updated his software after the pirate struck would have downloaded the malware.
Aikido discovered the attack via Aikido Intel, its LLM -based monitoring system which constantly checks code updates on public code managers.
Quick response teams minimize the damage
Ripple's response speed and Aikido was impressive. Aikido only discovered the attack until later, and XRP Ledger Foundation quickly pushed an update.
With such a large -scale attack, a quick response was vital. As Aikido underlined:
“This package is used by hundreds of thousands of applications and websites, making it a potentially catastrophic supply chain attack against cryptocurrency ecosystem.”
The attack raises a more important question, in progress for crypto users: how can they better protect their assets at a time of increasing attacks?
More specifically, what happens if there was a better way to store and interact with crypto, without sacrificing security or convenience?
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Why the best portfolio could lead the next security wave
In light of the XRP hack, the industry rethinks what “safe cryptography” really means. Early detection of the hacking attempt and the rapid response of the XRP LEDGER team helped restore confidence in the token.
$ XRP has now joined the rest of the market in a rebound, which has resulted in a lot of green at all levels.
The best portfolio is ahead of the curve, merging the security design first with users of DEFI Utility.
Always do your own research. The crypto is volatile and today's market is no exception.
With rising coins and layer 2 ecosystems that develop quickly, more users jump on the web3. They need tools that will not leave them exposed.
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