XRP Ledger Foundation spots ‘crypto stealing backdoor’ in code library
The XRP Ledger Foundation has discovered a serious vulnerability in its official JavaScript library, which was compromised by attackers who inserted a backdoor to steal cryptocurrency private keys. This library is crucial for developers interacting with the XRP Ledger and affects numerous applications and websites, posing a significant supply chain risk. The Foundation has updated the code repository to eliminate the compromised version. Several projects within the XRP ecosystem confirmed they were not affected. Despite the breach, the XRP token rose over 3.5% in value, with a market capitalization exceeding $125 billion. The XRP Ledger, launched in 2012, focuses on payments and decentralized finance and has seen increased interest due to a favorable regulatory environment in the US. Following the November presidential election, the token's price surged by over 300%. Coinbase recently listed XRP futures contracts on its derivatives exchange.
