Ripple co-founder’s $150M wallet hack traced to LastPass security breach: ZachXBT
According to a previous report, hackers accessed LastPass’s systems and stole encrypted user data.
Key Takeaways
- A LastPass security breach is linked to the theft of 213 million XRP tokens from Chris Larsen.
- The LastPass breach has resulted in total losses of $250 million due to ongoing crypto theft.
Ripple co-founder Chris Larsen’s $150 million crypto theft in January 2024 has been linked to a LastPass security breach from 2022, according to on-chain security expert ZachXBT, citing a recent US law enforcement forfeiture complaint.
The attack resulted in the theft of 213 million XRP tokens, valued at $112 million at the time, after attackers compromised private keys stored in the LastPass password management system.
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