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Market Cap
24h Vol
13105
Cryptocurrencies
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Bitcoin Share
The Defiant 2025-03-07 19:00:37

Ripple Co-Founder Chris Larsen Loses $150 Million (283M XRP) in January 2024 Due to LastPass Hack

Ripple Co-Founder Chris Larsen Loses $150 Million (283M XRP) in January 2024 Due to LastPass Hack

A forfeiture complaint filed on March 7, 2025, revealed that Ripple co-founder Chris Larsen lost approximately $150 million, equivalent to 283 million XRP, due to a hack in January 2024. The breach occurred because Larsen's private keys were stored in LastPass, a password manager that was compromised in 2022. The information was disclosed by the U.S. law enforcement agency and reported by investigator ZachXBT. This incident highlights the vulnerabilities associated with storing sensitive information in password managers, especially those that have previously suffered data breaches. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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