Ripple co-founder reveals personal accounts affected in $113 million hack. Following unauthorized access to his personal XRP accounts, Ripple co-founder Chris Larsen discloses the event, causing a more than 4% drop in XRP price.

Ripple co-founder and executive chairman Chris Larsen disclosed that several of his personal XRP accounts were compromised in late January, leading to the theft of about 213 million XRP, valued at roughly $112–$113 million at the time. The incident first came to light when on-chain analyst ZachXBT flagged unusual outflows from wallets labeled as belonging to Ripple, prompting speculation that the company itself had been hacked. Larsen then clarified on X that the breach affected only his own wallets, not Ripple Labs or Ripple’s corporate infrastructure, and said the team had quickly notified exchanges and involved law enforcement. On-chain analysis showed the stolen XRP was moved across at least eight addresses and then laundered through multiple centralized exchanges, including Binance, Kraken, OKX, Gate, HTX, HitBTC, MEXC, and others, in an apparent attempt to cash out or obfuscate the trail. Following Larsen’s public confirmation of the exploit, the price of XRP fell by more than 4–5%, reflecting market concern over a large holder breach and the scale of liquidations. The episode underscored ongoing security risks around high-value personal wallets, highlighted the role of independent on-chain investigators in surfacing major exploits, and raised further questions about how effectively exchanges can freeze and recover funds once a large theft begins to be distributed across multiple trading venues. "entities":["Chris Larsen","Ripple","Ripple Labs","XRP","ZachXBT","Binance","Kraken","OKX","Gate","HTX","HitBTC","MEXC"]}`

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More coverage

• Ripple was not hacked for $112M XRP — but its co-founder was (blockworks.com)
• Chris Larsen - Wikipedia (en.wikipedia.org)
• Chris Larsen | CSU - California State University (calstate.edu)
• Chris Larsen (@chrislarsensf) / Posts / X - Twitter (x.com)

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