Bearish
XRP price drops to $1.059 amid Coreum bridge exploit
In the past 24 hours, XRP's price has declined to $1.059, influenced by a recent security breach in the Coreum cross-chain bridge. The exploit allowed an attacker to drain nearly 200,000 XRP, valued at approximately $200,000, by exploiting a flaw in the bridge's deposit-detection software. This incident has raised concerns about the security of cross-chain bridges and their potential impact on associated cryptocurrencies like XRP.
Key points
- Coreum bridge exploit leads to loss of nearly 200,000 XRP
- Ripple votes in favor of Single Asset Vault and Lending Protocol amendments
Sources
- XRP Bridge Hit by $200,000 Loss as Software Accepts Fake DepositsGadgets360 · August 12, 2026
- Coreum XRPL bridge loses 200000 XRP due to relayer logic flawWEEX Crypto News · August 11, 2026
- XRP: Institutions Lock Liquidity on XRPLBlockchain.News · August 22, 2026
- Breaking: Ripple Advances Lending Protocol and Single Asset Vault on XRP LedgerCoinGape · August 10, 2026
AI-generated from public news sources. Not financial advice.
