XRP bridge drained for $200,000 after software mistook fake deposit for real one

[Oshosondy]

Is it because crypto is worldwide? Exploits are too many. It is almost everyday that we are reading about crypto exploits. Among them DeFi and Bridges are very common more than other ones but which are also common.

This one is about an hacker that created unbacked XRP on another blockchain, then exchanged it for real XRP held in reserve. It has been too late before it is noticed.

https://www.coindesk.com/tech/2026/08/12/xrp-bridge-drained-for-usd200-000-after-software-mistook-fake-deposits-for-real-ones

[JeromeTash]

Most of the recent attacks have AI written all over them, and the bad thing is that some developers of some projects have been too lazy. All they do is copy paste code or smart contract codes and do not carry out proper auditing. The attacks are obviously bound to happen on multiple platforms.

We are in the rough times of exploits and hacks.

[Odusko]

Is it because crypto is worldwide? Exploits are too many. It is almost everyday that we are reading about crypto exploits. Among them DeFi and Bridges are very common more than other ones but which are also common.

This one is about an hacker that created unbacked XRP on another blockchain, then exchanged it for real XRP held in reserve. It has been too late before it is noticed.

https://www.coindesk.com/tech/2026/08/12/xrp-bridge-drained-for-usd200-000-after-software-mistook-fake-deposits-for-real-ones

With the adventure of AI we should see increase in such expploatations and hacks incidents, any ways we should now see how project spend a good amount of money in developing a strong resistance tools against such possible exploit in the future, $200,000 is stolen well this is a small amount of money but then there is need to spend more money to protect the XRP bring and other Defi chain that suffered recent incidents of hack and exploitation of this nature.

[TastyChillySauce00]

Is it because crypto is worldwide? Exploits are too many. It is almost everyday that we are reading about crypto exploits. Among them DeFi and Bridges are very common more than other ones but which are also common.

Exploit has risen with how AI has evolved, the US AI labs are putting guardrail behind the LLM model so any cybersecurity research related activity requires KYC or the company approval, the open source model didn't and there are abliterated version of the open source model that removes whatever guardrail built into the model.

Not saying open source model is bad, but Defis and bridges need to invest more into bug bounty and security, otherwise they will keep facing the same problem over and over again.