A $150 million heist from Ripple co-founder Chris Larsen’s digital wallet has been traced back to a security lapse at LastPass, as detailed in a forfeiture complaint submitted by U.S. authorities on March 6th.
The complaint, brought to light by blockchain analyst ZachXBT, outlines how cybercriminals gained access to Larsen’s private keys stored in LastPass, a password management tool that suffered a substantial breach in 2022.
During the LastPass breach, cyber attackers infiltrated a developer’s account, facilitating the theft of source code and technical information. By November of that year, they had breached a cloud storage system, acquiring encrypted customer password vaults and unencrypted metadata impacting roughly 25 million users. While the vaults were secured with encryption, weak or reused master passwords could be manipulated, granting unauthorized access to confidential information.
- EFCC Warns Fintech Companies in Nigeria: Strengthen Security or Risk Collapse
The EFCC has urged fintech companies in Nigeria to strengthen their systems against fraud and terrorism financing. Here’s what businesses must know to stay compliant and secure. - Happy New Month, Welcome To May.
New Month, New Strength . In this Month of May, Sustenance isn’t just about what we eat — it’s about what keeps us going when things feel uncertain, slow, or overwhelming. It’s the quiet discipline of showing up, the courage to keep believing, and the grace to rest when needed. - Eniko Hart Reportedly Files for Divorce from Kevin Hart Over Child Support Dispute
Reports claim Eniko Hart has filed for divorce from Kevin Hart amid alleged disagreements over financial support for his older children from a previous marriage. Here’s what is being said about the situation. - Osun 2026 : Davido Appointed Head of Youth Mobilization
Governor Ademola Adeleke appoints Davido as Head of Youth Mobilisation ahead of the 2026 Osun election. See what this means for the campaign. - COVID-19 Case Confirmed in Cross River: What Residents Need to Know Right Now
A new COVID-19 case has been confirmed in Cross River State. Learn how the government is responding, symptoms to watch, and what it means for residents.
These vulnerabilities were exploited, resulting in the theft of Larsen’s private keys and the subsequent theft of XRP worth $150 million at the time of the event, which has since soared past $600 million at current market values. ZachXBT pointed out that prior to this complaint, Larsen had not publicly revealed the details of the theft.
In January, Larsen acknowledged the incident, clarifying that the hack was confined to his personal accounts and did not affect Ripple’s corporate wallets. He has yet to provide any comments regarding the forfeiture notice.