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Ripple news: XRP bridge drained after software mistook fake deposits for real ones

CoinDeskView source article

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XRP bridge drained after software mistook fake deposits for real ones

An attacker exploited the Coreum bridge by creating unbacked XRP on another blockchain and exchanging it for real XRP held in reserve, draining nearly 200,000 tokens in 97 minutes.

Aug 11, 2026·3 sourcesBlockchain interoperabilityCrypto hacksSmart contract exploits
XRP bridge drained after software mistook fake deposits for real ones
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Other sources for this story

U.Today

200,000 XRP Lost in 97 Minutes: Who's to Blame? - U.Today

BeInCrypto

XRP Price Drops Below $1 After Coreum Bridge Hack. First-Time Since 2024