Skip to content
Back to Guavy Wire
Crypto

Flare Defends FXRP Security Amid Ripple Engineer's Bridge Concerns

Instruments
BTC XRP FLR RPL
Share

Ripple engineer Neil Hartner raised concerns about the security of blockchain bridges after a recent hacking incident on Liquid Network, which saw hackers withdraw approximately 4,000 BTC (worth around $320 million at the time) from the Liquid Federation wallet.

Hartner said that given the history of bridge hacks, users should be 'hyper-vigilant' when using any bridge. He clarified that he was not suggesting Flare is careless about security, but rather warning against complacency.

In response to Hartner's comments, Flare Networks co-founder Hugo Philion defended the security of FXRP, saying it was built with security in mind and that most XRP used in FXRP is protected through XRPL Escrow, which has safely held large amounts of XRP for years.

More on Crypto

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc