Bitcoin News Today TheBitTimes.com

In an alarming development for the cryptocurrency community, Ripple, has reportedly fallen victim to a significant security breach. According to the pseudonymous crypto digital detective,  ZachXBT  who has exposed several bad actors and scams, Ripple was hacked for approximately 213 million XRP, translating to a loss of $112.5 million . The revelation, made on January 31, 2024, has sent shockwaves throughout the industry, raising concerns over the security measures in place at major cryptocurrency entities. The source address implicated in the hack, identified as rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm, appears to be the starting point of the illicit activity. From there, the stolen funds have been methodically laundered through a series of cryptocurrency exchanges, including MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, and others. It appears @Ripple was hacked for ~213M XRP ($112.5M) Source address rJNLz3A1qPKfWCtJLPhmMZAfBkutC2Qojm So far the stolen funds have been lau...

"My Bitcoin was taken. How?" A Reddit user thought they were following best practices until two days ago when their Bitcoin wallet was completely cleaned out. A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the user lost a few thousand dollars worth of Bitcoin (BTC) from their "secure" paper wallet. On July 24, a Redditor by the name /jdmcnair posted on the r/Bitcoin subreddit, asking for an explanation on how a hacker could have been able to steal over $3,000 worth of Bitcoin from their supposedly secure paper wallet — which was even generated on an offline computer. The Redditor's Bitcoin wallet address shows an outgoing transaction of 0.12 BTC. Source: Blockchain.com “I was doing self-custody, generated my key and printed it on paper on an offline computer, transferred my BTC to this offline wallet, and kept it stored in a safe that only I have the key for,” the user wrote. “I though...