Coreum XRPL bridge halts after relayer logic flaw enables theft of 199,916 XRP
first published 2026-08-11T09:22:56Z
An attacker drained 199,916.3 XRP from Coreum’s XRPL bridge over 94 signed payments in 97 minutes by exploiting a relayer logic flaw that treated memo-tagged transfers as valid deposits. The bridge’s multisig relayers authorized the payouts, the problem appears to be in the bridge software rather than the XRP Ledger itself, and the bridge has been halted pending an incident report.
AI Analysis
The summary describes an active exploit that resulted in the loss of nearly 200,000 XRP and the bridge being halted. This is concrete, security-related damage affecting a live crypto bridge, which is likely to pressure sentiment and attract short-term trader attention.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: High
Source Articles
- XRP bridge loses 200,000 XRP after relayer logic flaw - Crypto News
- XRP Slides 3% to $1 as Thin Binance Books Put $0.95 in Play - Bitcoin.com
- Bitcoin stuck below $65,000 as Hormuz hopes evaporate, XRP close to dropping below $1 - CoinDesk
- Ravencoin could roll back four days of transactions after critical block flaw - CoinDesk
- Ravencoin Crashes 20% as Critical Exploit Threatens to Rollback Network - Decrypt
- XRP Plunges Below $1 for the First Time Since November 2024 - U.Today
- XRP Worth Less Than RLUSD - U.Today
