{"id":636059,"date":"2025-03-17T17:23:34","date_gmt":"2025-03-17T17:23:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=636059"},"modified":"2025-03-17T17:26:56","modified_gmt":"2025-03-17T17:26:56","slug":"ripple-co-founder-chris-larsen-lost-665-million-in-xrp-because-he-used-breached-lastpass","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/ripple-co-founder-chris-larsen-lost-665-million-in-xrp-because-he-used-breached-lastpass","title":{"rendered":"Ripple Co-Founder Chris Larsen Lost $665 Million In XRP Because He Used Breached LastPass"},"content":{"rendered":"<p>Ripple co-founder Chris Larsen lost $665 million in XRP in a crypto wallet hack because he stored private keys in a LastPass vault compromised in 2022.<\/p>\n<p>That&rsquo;s according to blockchain sleuth ZachXBT, who cited a <a href=\"https:\/\/www.pacermonitor.com\/public\/case\/57126953\/United_States_of_America_v_Approximately_23,604,81509_in_Assorted_Cryptocurrencies\"><span style=\"font-weight: 400;\">forfeiture complaint<\/span><\/a><span style=\"font-weight: 400;\"> filed by US law enforcement on March 6. <\/span><span style=\"font-weight: 400;\">Larsen lost 283 million XRP tokens in a January 2024 hack.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Ripple&rsquo;s Chris Larsen Lost $150M in XRP Due to Hack &#128270;<a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\">@Ripple<\/a> co-founder <a href=\"https:\/\/twitter.com\/chrislarsensf?ref_src=twsrc%5Etfw\">@chrislarsensf<\/a> likely lost $150M worth of XRP (283M XRP) in early 2024 after storing his private keys in LastPass, a password manager that was hacked in 2022, according to blockchain investigator <a href=\"https:\/\/twitter.com\/zachxbt?ref_src=twsrc%5Etfw\">@zachxbt<\/a>.&hellip; <a href=\"https:\/\/t.co\/CQV5SHreYr\">pic.twitter.com\/CQV5SHreYr<\/a><\/p>\n<p>&mdash; Karon (@pangestu_karon) <a href=\"https:\/\/twitter.com\/pangestu_karon\/status\/1899641506639864172?ref_src=twsrc%5Etfw\">March 12, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Federal investigators, including the FBI and Secret Service, confirm that the stolen data enabled hackers to crack Larsen&rsquo;s master password, unlocking his crypto wallets.<\/span><\/p>\n<h2>Stolen XRP Worth $150 Million At The Time<\/h2>\n<p><span style=\"font-weight: 400;\">The stolen XRP, worth $150 million at the time of the hack, has since ballooned in value to over $665 million as the crypto appreciated. Authorities have recovered $23 million so far, but the hunt for the remaining funds continues.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Larsen <\/span><span style=\"font-weight: 400;\">confirmed<\/span><span style=\"font-weight: 400;\"> the hack targeted his personal accounts, not Ripple&rsquo;s corporate wallets, though he has not commented on the recent reports that he stored his private keys in the LastPass password manager.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The fallout from the LastPass breach, which has now been tied to <\/span><span style=\"font-weight: 400;\">multiple high-profile crypto thefts<\/span><span style=\"font-weight: 400;\"> over the years, reveals the persistent risks in digital asset security as hackers exploit lingering vulnerabilities.<\/span><\/p>\n<p>So, how should crypto investors ensure they avoid such hacks?<\/p>\n<h2>Best Wallet (BEST)<\/h2>\n<p>The LastPass breach and subsequent $150 million XRP theft underscore the critical need for secure storage solutions in the crypto space.<\/p>\n<p>That&rsquo;s why <a href=\"https:\/\/insidebitcoins.com\/visit\/bestwalletpresale\" rel=\"nofollow\">Best Wallet (BEST)<\/a> was created. It is a next-gen crypto wallet that supports 60+ blockchains and offers integrated features like a built-in DEX, presale aggregator, and crypto debit card.<\/p>\n<p>Designed for beginners and experienced investors, it simplifies digital asset management while enhancing security.<\/p>\n<p>Its standout feature is called &ldquo;Upcoming Tokens,&rdquo; which flags early to investors the crypto presales with the most potential.<\/p>\n<p>It&rsquo;s already established a strong record. It recommended to customers Pepe Unchained (PEPU) and <a href=\"https:\/\/insidebitcoins.com\/visit\/catslap\" rel=\"nofollow\">Catslap (SLAP)<\/a>, which surged 500% and 3,000%, respectively, after launch.<\/p>\n<p>Among the top recommendations made by Upcoming Tokens right now are the first Solana layer 2 crypto Solaxy (SOLX) and the meme coin BTC Bull Token (BTCBULL).<\/p>\n<h2>Solaxy (SOLX)<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Solaxy (SOLX)<\/a> is designed to enhance Solana&rsquo;s scalability, reduce network congestion, and lower transaction costs.<\/p>\n<p>By integrating cross-chain technology, it also combines the strengths of Solana and Ethereum.<\/p>\n<p>Once launched, Solaxy will enable developers to build dApps and launch tokens while improving Solana&rsquo;s Layer 1 performance.<\/p>\n<p>The <a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">SOLX<\/a> presale has already raised over $26.7 million.<\/p>\n<h2>BTC Bull Token (BTCBULL)<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\">BTC Bull Token (BTCBULL)<\/a> is a new meme coin designed to support Bitcoin&rsquo;s growth while rewarding its holders with free BTC.<\/p>\n<p>It will start airdropping free BTC when the Bitcoin price hits $150k, and for every $50k increase in the price thereafter.<\/p>\n<p>The project will also burn BTCBULL tokens when the BTC price hits $125k, and for every $25k increase in the Bitcoin price after that.<\/p>\n<p>With over $3.72 million raised and endorsements from crypto influencers like NASS Crypto, with more than 1 million subscribers, <a href=\"https:\/\/insidebitcoins.com\/visit\/btcbull\" rel=\"nofollow\">BTCBULL<\/a> has drawn significant interest.<\/p>\n<p><iframe title=\"BTC Bull Token: Bitcoin&rsquo;s Best Crypto Presale &#128171;\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/4TdhOrZ4OLg?feature=oembed\" frameborder=\"0\" 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