{"id":16806,"date":"2025-03-08T11:34:56","date_gmt":"2025-03-08T11:34:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16806"},"modified":"2025-03-08T11:34:56","modified_gmt":"2025-03-08T11:34:56","slug":"ripple-cofounders-150m-xrp-heist-related-to-lastpass-hack-zachxbt","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16806","title":{"rendered":"Ripple Cofounder\u2019s $150M XRP Heist Related to LastPass Hack: ZachXBT"},"content":{"rendered":"<div>\n<p>A $150 million theft targeting Ripple co-founder Chris Larsen has been traced back to a security lapse involving the password manager LastPass, according to a forfeiture complaint filed by U.S. law enforcement on March 6 flagged by blockchain sleuth ZachXBT.<\/p>\n<\/p>\n<p>ZachXBT shared that the complaint detailed how Larsen\u2019s private keys \u2014 or code to access one\u2019s token holdings \u2014 were stored in LastPass, the widely used password manager that suffered a major breach in 2022.<\/p>\n<\/p>\n<p>At the time, hackers stole source code and technical data by compromising a developer&#8217;s account. By November of that year, they used this access to infiltrate a cloud storage system, stealing encrypted customer password vaults and unencrypted metadata for an estimated 25 million users.<\/p>\n<\/p>\n<p>Although \u2018vaults\u2019 were encrypted, weak or reused master passwords could be brute-forced, exposing stored data.<\/p>\n<\/p>\n<p>Hackers exploited this vulnerability, accessing Larsen\u2019s keys and siphoning off the XRP, valued at $150 million at the time of the theft and over $600 million as of Saturday\u2019s prices.<\/p>\n<\/p>\n<p>\u201cA forfeiture complaint filed yesterday by US law enforcement revealed the cause for the ~$150M (283M XRP) hack of Ripple co-founder, Chris Larsen&#8217;s wallet in Jan 2024 was the result of storing private keys in LastPass (password manager which was hacked in 2022),\u201d ZachXBT wrote on his Telegram channel.<\/p>\n<\/p>\n<p>\u201cUp to this point Chris Larsen had not publicly disclosed the cause of the theft,\u201d he added.<\/p>\n<\/p>\n<p>Larsen confirmed the incident in January, where he clarified the hack affected only his personal accounts, not Ripple\u2019s corporate wallets. He is yet to publicly comment on the forfeiture notice.<\/p>\n<p>The fallout from the 2022 LastPass hack has been extensive and remain ongoing. In December, The Security Alliance (SEAL), a team of cybersecurity experts focused on the crypto market, <a href=\"https:\/\/x.com\/_SEAL_Org\/status\/1868805842310758716\" target=\"_blank\">estimated<\/a> that crypto losses connected to the breach had touched at least $250 million as of May 2024.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A $150 million theft targeting Ripple co-founder Chris Larsen has been traced back to a security lapse involving the password manager LastPass, according to a forfeiture complaint filed by U.S. law enforcement on March 6 flagged by blockchain sleuth ZachXBT. ZachXBT shared that the complaint detailed how Larsen\u2019s private keys \u2014 or code to access [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16806","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16806"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16806\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}