Ripple's XRP Drops 5% Amid Suspected $112.5M Hack

Ripple Co-founder Chris Larsen's Personal Accounts Breached, Not Ripple's Network

Ripple's XRP token fell by more than 5% amid rumors of a network hack.
Reports suggest that 213 million XRP tokens, worth $112.5 million, were stolen from a wallet and laundered through multiple exchanges.
Ripple co-founder Chris Larsen clarified that the unauthorized access was to his personal accounts, not Ripple's network.
Larsen was able to quickly catch the problem and notify exchanges to freeze the affected addresses.
Law enforcement has been notified and is involved in the investigation.