XRP News: Chris Larsen Loses $150M in XRP Due to LastPass Hack, Causing Market Turmoil

In a significant development in the cryptocurrency world, Ripple’s co-founder Chris Larsen has fallen victim to a major hack. Details inside.

Ripple’s Chris Larsen Loses $150M in XRP to LastPass Hack

Ripple’s Chris Larsen lost $150M in XRP to a LastPass hack. The news emerged from a forfeiture complaint filed by U.S. law enforcement and was shared by on-chain sleuth ZachXBT. The stolen XRP was quickly moved across different wallets and exchanges before Larsen’s team noticed. Larsen had earlier posted about the unauthorized access to his personal XRP accounts and law enforcement involvement. The news caused XRP’s value to tumble by over 7%, sitting at $2.41 per token at the time of writing.

Ripple Co-Founder Lost $150 Million in XRP to Hack

Ripple co-founder Chris Larsen lost approximately $150 million in XRP due to a hack in January 2024. The hack was discovered through a US law enforcement filing and was a result of storing private keys in LastPass, which was hacked in 2022. ZachXBT, a renowned crypto sleuth, revealed the details of the hack.

XRP Traders Withdraw $130M from Binance Ahead of Ripple CEO’s White House Summit Appearance

XRP traders withdrew $130 million from Binance ahead of Ripple CEO Brad Garlinghouse’s appearance at the White House Summit. The XRP price stabilized above $2.52 on Friday, posting a 23% weekly gain. The coin reclaimed the $2.50 level after the summit attendance was confirmed. Since President Trump announced a crypto strategic reserve on Sunday, XRP deposits on Binance have declined by $100 million. The price holds firm above $2.40, defying broader market volatility seen in other mid-cap assets. Investors are positioning ahead of the event, which could trigger another breakout phase for XRP.

Analyst Expects XRP to Hit $10 by December, BTC Bull Token Also Gaining Attention

XRP has been one of the most talked-about cryptos this week. A top analyst, Stock Moe, has claimed that the token could reach $10 as soon as December. In a YouTube video, Moe presented a convincing argument for XRP potentially reaching this price by 2026, suggesting that investors could see their investments quadruple from the current price of around $2.50. Meanwhile, the new project BTC Bull Token continues to draw attention during its presale, with one expert forecasting that it will pump after listing on a DEX.