Ripple Co-founder's $150M XRP Heist Related to LastPass Hack: ZachXBT
ZachXBT shared that the complaint detailed how Larsen's private keys — or code to access one's token holdings — were stored in LastPass, the widely used password manager that suffered a major breach in 2022.
At the time, hackers stole source code and technical data by compromising a developer's account. By November of that year, they used this access to infiltrate a cloud storage system, stealing encrypted customer password vaults and unencrypted metadata for an estimated 25 million users.
Although 'vaults' were encrypted, weak or reused master passwords could be brute-forced, exposing stored data.
Hackers exploited this vulnerability, accessing Larsen's keys and siphoning off the XRP, valued at $150 million at the time of the theft and over $600 million as of Saturday's prices.
'A forfeiture complaint filed yesterday by US law enforcement revealed the cause for the ~$150M (283M XRP) hack of Ripple co-founder, Chris Larsen's wallet in Jan 2024 was the result of storing private keys in LastPass (password manager which was hacked in 2022),' ZachXBT wrote on his Telegram channel.
'Up to this point Chris Larsen had not publicly disclosed the cause of the theft,' he added.
Larsen confirmed the incident in January, where he clarified the hack affected only his personal accounts, not Ripple's corporate wallets. He is yet to publicly comment on the forfeiture notice.
The fallout from the 2022 LastPass hack has been extensive and remain ongoing. In December, The Security Alliance (SEAL), a team of cybersecurity experts focused on the crypto market, estimated that crypto losses connected to the breach had touched at least $250 million as of May 2024.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
33 minutes ago
- Newsweek
Warning Issued Over 'Explosion' of Neo Nazi Clubs in US
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A warning has been issued over the increasing number of neo-Nazi clubs in the United States. According to the Global Project Against Hate and Extremism (GPAHE), there has been an "explosion" in the number of active chapters of neo-Nazi Active Clubs (ACs) in the U.S. and other countries. The group is raising alarm about this trend, calling it a "growing transnational threat." Why It Matters Active Clubs are a transnational network of sports clubs that were founded by the white supremacist Robert Rundo and the Russian neo-Nazi Denis Kapustin in 2020. Rundo is one of the founders of a U.S. far-right organization called the Rise Above Movement (RAM) and was sentenced to jail in 2024 for conspiracy to riot at Californian political rallies in 2017. Kapustin is a far-right figure who runs the Russian Volunteer Corps and has reportedly espoused Adolf Hitler's views. The decentralised groups engage in physical training with the purpose of being able to attack political opponents and also spread propaganda about white nationalism. Carrying shields, covering their faces, and holding upside down U.S. flags, marchers with the Alt-Right Neo-Nazi group "Reclaim America," march in Washington, D.C., on May 13, 2023. Carrying shields, covering their faces, and holding upside down U.S. flags, marchers with the Alt-Right Neo-Nazi group "Reclaim America," march in Washington, D.C., on May 13, 2023. AP Photo/Jacquelyn Martin The growth of ACs comes amid growing concerns about the rise of white supremacist incidents more broadly. According to the Anti-Defamation League, more than 750 white supremacist incidents took place from 2020 to 2024. They found that there were 282 events organized or attended by white supremacists in 2023, a 63 percent increase from 173 in 2022. What To Know The number of ACs in the U.S. has increased from 49 in October 2023, to 78 in June 2025. This is a percentage increase of 59.2 percent. Of these, GPAHE found that at least 19 clubs representing 42 states target teen boys aged 15 to 18. Some of these groups posted neo-Nazi propaganda on social media, as seen by GPAHE, including a quote by Adolf Hitler. GPAHE also found that globally, the number of Active Clubs has increased by 25 percent since 2023. This means that 187 chapters of the movement are now operating across 27 countries. GPAHE tracked ACs on social media to come to these findings. They found that the groups recruit on Telegram and TikTok. What People Are Saying GPAHE said the movement "represents a growing transnational threat, especially as it adapts to evade platform moderation and targets young recruits." What Happens Next Social media platforms can adopt policies to remove the groups presence from the internet while the government can also enact policies to clamp down on the neo-Nazi movement. However, there must be political will for this to happen. In the mean time, the extent to which these groups continue to flourish remains to be seen.
Android Authority
2 hours ago
- Android Authority
I prefer Signal but use WhatsApp for this simple reason
Robert Triggs / Android Authority When WhatsApp changed its terms in 2021, I was one of the many users who looked for alternative messaging apps for Android. While I had heard about Signal before, the controversial move by WhatsApp prompted me to actually try the app out. I loved it then and I still love it now. But over all these years, I barely use Signal even though I prefer it greatly over WhatsApp. And that's because of a major advantage WhatsApp has over the privacy-focused messaging app. Which messaging app do you prefer? 0 votes WhatsApp. NaN % Signal. NaN % Telegram. NaN % Google Messages. NaN % Another app (let us know in the comments). NaN % There's a lot to love about Signal Robert Triggs / Android Authority You don't have to be someone who lives off-grid in the woods to appreciate Signal. The messaging app balances great privacy features with a sleek UI and plenty of useful features. It includes end-to-end encryption for your messages and calls by default. Even your profile is end-to-end encrypted and data collection is minimized. If you've tried other privacy-focused services, you'll know that there's usually a trade-off when it comes to features. But Signal has a great feature set, with certain tools even outpacing WhatsApp. In fact, Signal allows you to schedule messages — a feature that WhatsApp doesn't currently offer. Signal has a great feature set, with certain tools even outpacing WhatsApp. Signal also allows you to add contacts using a username, with the option to not share your number automatically when added. There's also the ability to set chat colors and wallpapers, meaning you can customize the appearance of the app. Essentials, such as video and voice calls, are well covered, and the app can be used on a desktop. Signal even has a Stories feature, though I never touch it. Overall, Signal is a feature-rich messaging app, in addition to its privacy features. As a result, I greatly prefer the experience over WhatsApp. WhatsApp has become a bloated nightmare Edgar Cervantes / Android Authority WhatsApp has added plenty of features over the years — but I don't use many of them. I miss the WhatsApp of yesteryear, when it was simpler. Statuses, Communities, and Channels all feel like they just add to the bloat and noise when using WhatsApp. I've also tried my best to ignore Meta AI, since I don't bother with generative AI on my smartphone, but WhatsApp just keeps making it more prominent. Above the new chat icon, there's now a Meta AI button. Meanwhile, the search bar you use to filter through your chats is now also filled with recommended prompts for the chatbot. You can mute Meta AI, but you can't actually remove it from WhatsApp. WhatsApp also has a spam and scam problem. While it's not as bad as you might find on social media platforms, I still receive far too many unsolicited messages from businesses and scammers. I receive far too many unsolicited messages from businesses and scammers. Finally, WhatsApp's plan to add adverts to the app has just soured my experience further. While I avoid the Updates tab as much as possible, and will likely not see any of these ads, it further highlights Meta's determination to monetize its apps as much as possible. It also incentivizes more data collection and sharing. Messages on the platform are end-to-end encrypted, but there's plenty that companies can determine from metadata. There's also no guarantee that Meta won't push ads to other parts of the app, since being a profitable company has never stopped it from pushing even more ads on its apps before. But WhatsApp has one major advantage Edgar Cervantes / Android Authority My distaste for WhatsApp is palpable, so why do I use it when I don't like the experience? It boils down to one simple consideration — most of my contacts use WhatsApp. In fact, I was surprised when I found out that WhatsApp is not as popular in the US as it is in other countries. WhatsApp is home to most of my chats with contacts and all of my groups. It's how PR companies often reach out to me. It's also how I reach certain businesses, like when I order a repeat of my cat's medication from my vet. It's truly rare to find someone who doesn't use WhatsApp here. While Signal also has group chats, the lack of contacts who use it means it's not a viable option for my community groups that include safety information and incident reports. I don't even have enough contacts who use Signal to create a casual group chat, since none of them know each other. It's also a hard sell to tell someone to switch over to Signal, since they'll encounter the same problem when they move over. I'm a tech journalist, so I should arguably have more contacts that use niche, security-focused apps. But I have 20 total contacts on Signal, in contrast to the 200+ I have on WhatsApp. It's a hard sell to get someone to switch over to Signal, since they'll encounter a lack of contacts too. It's the same reason that my colleagues can't leave WhatsApp despite the ads. But the biggest problem with messaging apps is that they require other people to use them, by definition. The messaging app we use depends on what everyone else around us uses, so it's essentially chosen for us by others. But that won't stop me from hoping that Signal emerges as a viable alternative to WhatsApp. The app has great features without the baggage of Meta-owned products. WhatsApp has been ordered by the European Union to allow interoperability with other encrypted messaging apps and progress is being made towards that goal. Hopefully more countries will add pressure to expand this feature to other regions. After all, we deserve to be able to choose which messaging app we use, since it plays such an important role in our daily lives.
Yahoo
9 hours ago
- Yahoo
Bitcoin, Ethereum, XRP Need Not Worry About Summer Blues As Long As This Critical Support Holds, Trader Says
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Prominent crypto analyst DonAlt remains bullish not only on Bitcoin (CRYPTO: BTC), but also on Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP), downplaying concerns that summer seasonality will affect market performance. What Happened: In a July 2 podcast, the trader highlighted Bitcoin's tight consolidation near key resistance as a potential setup for its next major move. Dismissing geopolitical noise and seasonality concerns, he pointed to $95,000 as the critical monthly support. "As long as we hold $95,000 on the monthly, I'm not worried," he said. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — DonAlt noted that BTC has shown remarkable strength, grinding through multiple ranges without any deep retests. But he warned the market is now at an inflection point. "If Bitcoin can't break out soon and drops to $90,000, I think the cycle is basically over," DonAlt said. In that case, he predicts a shallow bear market, with BTC drifting between $60,000–$70,000 before the next macro leg begins. Why It Matters: While some traders argue summer seasonality dulls crypto momentum, DonAlt isn't buying it. "I don't care about seasonality," he said. Instead, he focuses on structural patterns, and currently sees a strong setup. "This resistance has been tested three times already. Eventually, it breaks." He also mentioned that Bitcoin remains in a "Ponzi pump setup" backed by institutional players and ETF Next: Beyond Bitcoin, DonAlt is also positioned in Ethereum and XRP. He described ETH's monthly chart as "really nice," holding above $2,200 support, and maintains XRP as his preferred altcoin despite its slower performance. Looking ahead, if BTC breaks higher, he sees this as "the last leg" of the current cycle — potentially propelling prices to $200,000–$250,000 before a brutal 80% drawdown resets the market. "It'll be a blow-off top followed by pain," he cautioned. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Bitcoin, Ethereum, XRP Need Not Worry About Summer Blues As Long As This Critical Support Holds, Trader Says originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
