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Crypto & Bitcoin

$250,000 Bounty Paid After Researcher Finds XRP Ledger Flaw Risking 18 Trillion XRP

Reported by AltcoinGordon, TheCoinrise

Image: TheCoinrise

The XRP Ledger Foundation disclosed this week that it patched a serious vulnerability capable of generating an estimated 18 trillion XRP tokens. That figure dwarfs the network's hard-capped supply of 100 billion XRP, which has remained fixed since the ledger's creation. The foundation paid a $250,000 bounty to the security researcher who identified and reported the flaw, according to reporting from CoinTurk News. Bug bounty programs are standard practice across blockchain networks, rewarding external researchers for finding vulnerabilities before they can be exploited maliciously.

This is an excerpt. The reporting belongs to TheCoinrise.

Read the full report on thecoinrise.com
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