Ripple Cofounder, Chris Larsen, Experienced Hacking Of Personal Accounts Worth IDR 1.7 Trillion

Ripple prices remain stable despite hacking. (photo: x @ripple)

JAKARTA - Ripple cofounder and Executive Chair, Chris Larsen, announced on January 31 that his personal account had been hacked. This news was first reported by crypto analyst "ZachXBT," where it was initially suspected that the company itself had been hacked.

"Yesterday, there was access without permission to some of my personal XRP accounts (not @Ripple) we were quickly able to catch the issue and tell the exchange to freeze the affected addresses. Law enforcement is already involved," said Larsen.

Ripple's chairman did not confirm the amount, but according to ZachXBT, the hack resulted in 213 million XRP worth about 112.5 million US dollars (Rp1.7 trillion) at the time of the incident. The funds were reportedly sucked in, and then the perpetrator tried to wash XRP.

However, as indicated by posting X Larsen, law enforcement is involved and currently has frozen accounts related to the hack. It is not clear whether the funds remain in his account.

Ripple itself did not immediately respond to requests for comment.

News of this hack spread rapidly; the price of XRP then fell by about $0.01, but recovered soon and remained near flat nearly an hour after the hack was first reported.

Although at the moment it seems that Ripple's account is not involved, thus showing that XRP holders' funds are safe, this could be one of the biggest cryptocurrency-related hacks on