Was Ripple Crypto Recently Compromised? XRP Price Objectives for April Conclusion
Recently, hackers gained access to the xrpl.js libraries but were swiftly identified. The price of XRP remains stable and could potentially exceed $2.5. Is there a chance XRPUSDT will hit $10?
Leading networks such as BTC, Solana, and Ethereum have been largely resistant to hacks since their inception. While some reliability issues may arise, their source code, libraries, or repositories face minimal compromise. Unfortunately, this was the exact scenario with the XRP Record (XRPL), which supports XRP, one of the top cryptocurrencies to invest in come 2025.
On April 21, a notorious group of hackers managed to infiltrate a widely used JavaScript library, xrpl.js. This coding package facilitates developers’ seamless interaction with the live network.
Had the breach not been contained promptly, it could have sparked a token supply chain attack, endangering many developers who downloaded and executed the compromised package. Consequently, this would have threatened thousands of developers and countless XRP, risking the loss of their private keys.
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What Occurred?
Per Aikido, a company focused on blockchain and cybersecurity, the attackers embedded harmful code into five versions of the library: 4.2.1, 4.2.2, 4.2.3, 4.2.4, and 2.14.2.
Developers obtaining packages for local application often overlook these libraries.
Analysts first identified the breach in the 4.2.4 version, marked as “latest.”
These tampered libraries were uploaded to the Validator Package Manager (NPM), a repository from which developers could download them.
Aikido’s researchers indicated that the malicious code introduced a new function which stealthily collected users’ seed phrases and relayed them to an external server.
(Source)
Additional examination showed that the hackers endeavored to disguise the backdoor by deploying a marginally modified version to avoid detection by automated auditing systems and human auditors.
Who Was Behind the XRP Record Breach?
The origin of the harmful code was linked to an account associated with an employee of Ripple Labs.
However, the attackers probably took control of the account “mukulljangid” and seized its access coin.
They modified the xrpl.js library using the stolen access coin, presenting it as a legitimate news from a Ripple Labs employee.
This elaborate approach is frequently employed by hackers looking to inflict significant damage via circulating supply chain attacks.
The silver lining is that only the xrpl.js library fell victim to the breach, and the matter has been addressed with the release of versions 4.2.5 and 2.14.3, effectively closing the backdoor.
The official GitHub repository for the XRP Database remains secure.
Ripple Labs and NPM safety teams are also collaborating to evaluate the full ramifications and inform affected users.
XRP Price Stable, But Could It Quadruple?
In spite of the attempted breach of the xrpl.js library, XRP’s price stays steady.
Nonetheless, the asset ranks among the poorer performers in the top 10, as per Coingecko. It is currently lagging behind some of the top Solana meme coins, such as TRUMP, as of the latest announcement.
To push above $2, XRP buyers need to overcome $2.5 to revisit 2025 highs.
A decisive close beyond $2.5 could elevate the XRP/USDT price to $3 and subsequently to $3.4 in a continuing upward trend.
(XRPUSDT)
On the other hand, dropping below $2 might see XRP plummet to its April 2025 lows, around $1.6, adding strain on vulnerable bulls.
On X, there is a positive sentiment. An analyst forecasts that a strong close above 2025 highs could initiate another upward movement to $10.
They believe the coin is on a robust upward trajectory. Since November 2024, XRP has surged nearly 600%.
XRP Ripple 2w
— Cryptollica
Should XRP bulls drive the price higher, the digital currency could potentially climb another 400% to reach $10 in a persistent buying trend.
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XRP Record Libraries Compromised by Hackers, XRP Price Remains Stable
- Multiple xrpl.js libraries were breached as hackers targeted a token supply chain attack
- Ripple Labs acted quickly, issuing patched versions
- XRP price stable yet below $2.5
- Will XRPUSDT surge to $10?
The post Was Ripple Crypto Just Hacked? XRP Price Targets April Close appeared first on 99Bitcoins.
