Ruholamin Haqshanas Last updated: January 15, 2024 01:39 EST | 2 min read Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.
Source: AdobeStock / Tomasz Bidermann A transaction involving nearly $15 billion worth of XRP from an unknown wallet to the Bitfinex exchange as part of a “partial payments exploit” has failed.
The transaction was first brought to the public’s attention by the blockchain tracking account known as Whale Alert, which reported a jaw-dropping transfer of 25.6 billion XRP, nearly half of the cryptocurrency’s circulating supply, from an anonymous wallet to Bitfinex.
Yet, the excitement was short-lived as Whale Alert promptly deleted the post, citing an issue with reading the Ripple node response that led to an erroneous alert.
Subsequently, Bitfinex Chief Technology Officer Paolo Ardoino revealed that the colossal transaction was, in fact, an attempted attack on Bitfinex through what is known as a “Partial Payments Exploit.”
Someone attempted to attack @bitfinex via "Partial Payments Exploit".
Attack failed since Bitfinex properly handles ‘deliveredamount‘ data field.https://t.co/EiGw9UQmmq(updated with better gif) https://t.co/8I7vlO05ou pic.twitter.com/DxOnJLLkhU
— Paolo Ardoino
