Theft of January 2024 of 283 million XRP (XRP) From Ripple co-founder that Chris Larsen’s personal accounts are linked to a password password violation, according to a Forfeiture complaint filed by US law enforcement revealed by Crypto investigator ZachxBT.
The investigator shared A screenshot of Forfeiture’s complaint on his Telegram Channel on March 7, claiming theft “was the result of storing private keys in LastPass (Password manager -in 2022). To this point, the public has not announced Chris Larsen the cause of theft.”
Related: Zachxbt rug pull drama shows the extent of unpaid detective work
According to the shared complaint, Larsen’s private keys are stored in the online password manager before it breaks. Four devices are enabled to the password manager, which has a long, unique password.
The password manager, LastPass, suffered two major violations – one in August 2022 and the other in November 2022 – where attacks stole the pressed passwords and online password management data. According to the US Federal Bureau of Investigation, investigating the case, compromised data has been used to steal cryptocurrency, among other things.
The 283 million XRP stolen in January cost $ 683 million on March 7.
Source: Chris Larsen
Zachxbt traces token laundering
Following the XRP hack against Larsen, Zachxbt tracked The tokens throughout the crypto exchange, including the Mexc, Gate.io, Binance, KrakenOkx, htx, hitbtc and more.
As reported by Cointelegraph, LastPass hackers had steal an additional $ 45 million From Crypto holders before Christmas in December 2024. The White Hat Hacker Team Security Alliance considers seed phrases and private keys stored in the password manager before 2023 to be at risk.
Storing private keys or seed phrases online anywhere is considered a risky skill, with many Recommended They are written and store them in a safe or keeping them offline digital storage like a USB. A user can also divide their seed phrase into different parts and hide them in many locations.
Password managers have a place, however, in crypto safety skills: The ability to generate and store complex passwords That can make ruin in purses more difficult.
Related: Understanding Multi-Factor (MFA) verification in cryptocurrency
