XRP Bridge Halted After Critical Software Flaw Allows $200,000 Heist

A critical software flaw in the XRP bridge connecting the XRP Ledger to tx, a blockchain focused on tokenizing real-world assets, allowed an attacker to drain nearly $200,000 worth of XRP.

The bug let the bridge register fake deposits as real, issuing unbacked bridged XRP that the attacker then used to withdraw genuine XRP from the reserve wallet. The bridge was halted after the attack on August 9, and tx has since fixed the vulnerability and hired blockchain forensics experts.

The incident highlights the risks of relying on automated systems in cryptocurrency and blockchain finance. Tx has not yet explained how affected holders will be compensated for their losses.