XRP Bridge Exploit Drains 200,000 Tokens via Verification Flaw

A code flaw in an XRP bridge allowed fake receipts to bypass checks, draining 200,000 XRP. Compensation for affected holders remains unannounced.

Woofun AI reports that a vulnerability in an XRP bridge resulted in the loss of nearly 200,000 XRP. The exploit exploited a logic error where payment-processing code validated memos without verifying destination addresses first, allowing relayers to accept fraudulent receipts generated without actual deposits into the vault. The entity behind the transaction has not disclosed how affected holders will be compensated.