Bearish for XRP
XRP Wallet Exploit Security Crisis
Stable
Steady attention in XRP coverage, without a clear trend.
Updated 14 October 2026
Also associated with Bitcoin — the direction above is for XRP.
The bearish argument: The XRP ecosystem faces ongoing security vulnerabilities including fake airdrop scams and potential protocol-level exploits that could theoretically create unbounded token supply in single transactions. Sources document multiple attack vectors that can drain user balances or compromise the integrity of the token supply cap.
What changed?
0.7% → 0.5% of XRP coverage · down from 7th to 9th-largest bearish argument
The idea itself is not new: the recorded share reached 3.5% on 28 September. Renewed coverage does not necessarily mean new evidence.
How attention has changed
0.5% of XRP coverage
Rolling 3-day share · as of 14 Oct 2026
This measures attention in published coverage, not the likelihood of a price move.
| Date | Share of coverage |
|---|---|
| 2026-09-19 | 0.7% |
| 2026-09-20 | 0.6% |
| 2026-09-21 | 0.6% |
| 2026-09-22 | 0% |
| 2026-09-23 | 0% |
| 2026-09-24 | 0.9% |
| 2026-09-25 | 0.8% |
| 2026-09-26 | 1.4% |
| 2026-09-27 | 2.9% |
| 2026-09-28 | 3.5% |
| 2026-09-29 | 2.5% |
| 2026-09-30 | 0.8% |
| 2026-10-01 | 0% |
| 2026-10-02 | 0% |
| 2026-10-03 | 0% |
| 2026-10-04 | 0% |
| 2026-10-05 | 0% |
| 2026-10-06 | 0% |
| 2026-10-07 | 0% |
| 2026-10-08 | 0% |
| 2026-10-09 | 0% |
| 2026-10-10 | 0% |
| 2026-10-11 | 0% |
| 2026-10-12 | 0% |
| 2026-10-13 | 0.7% |
| 2026-10-14 | 0.5% |
Keep up with the bigger picture
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The argument and its evidence
Several outlets can carry the same argument; no single article is its origin. Read each one in its own context.
Recent coverage
-
Decrypt · Published 12 Oct 2026
XRP Ledger’s Payment Engine Had a Counterfeiting Bug Hiding Since 2015
In coverage record: 13 Oct 2026
“an attacker could have created spendable XRP far beyond the token's total supply in a single transaction, then moved it, traded it or sent it to exchanges”
Read article
Earlier coverage
-
CryptoSlate · Published 27 Sep 2026
Bitget freezes XRP withdrawals as 27M stolen tokens move
In coverage record: 28 Sep 2026
“Bitquery's transaction-backed investigation put the XRP taken from Bitget at about 102.98 million tokens.”
Read article -
CoinDesk · Published 26 Sep 2026
Bitget hacker moves $83 million in stolen XRP that Ripple cannot freeze
In coverage record: 27 Sep 2026
“The network lets companies freeze tokens they issue on it, but that power does not extend to XRP itself.”
Read article -
Markets Insider · Published 26 Sep 2026
Kalshi Traders Trim Odds of a $1.70 XRP Price Target in September to 32% While Full-Year $2.00 XRP Bets Rise
In coverage record: 27 Sep 2026
“security worries have created extra caution for XRP buyers. Security teams are tracking $157 million in stolen XRP from the Bitget hack that remains in un-frozen wallets, leaving traders worried about sudden market dumps”
Read article -
U.Today · Published 25 Sep 2026
'Never Send XRP to Old App Wallet': Crucial Alert as Wallet Drain Continues
In coverage record: 26 Sep 2026
“Multiple scam warnings have been issued since the D'CENT app wallet exploit was initially reported.”
Read article -
CryptoSlate · Published 23 Sep 2026
Nearly $20 million in XRP drained from 6,678 wallets across six attack waves
In coverage record: 24 Sep 2026
“XRPL.to traced 5.67 million XRP through THORChain as of 11:26 UTC on Sept. 21, including about 5.59 million XRP sent from two collection waves through transactions whose memos specified Ethereum destination addresses.”
Read article -
U.Today · Published 20 Sep 2026
XRP Security Alert: Web3 App Wallet Users Urged to Act Now
In coverage record: 21 Sep 2026
“A recent update by the XRPL intel X account identifies 6,160 potential victim addresses and 9.3 million XRP stolen.”
Read article -
U.Today · Published 18 Sep 2026
Another Raid on XRP: Ripple Veteran David Schwartz Personally Exposes Fake Airdrop
In coverage record: 19 Sep 2026
“Across the XRPL ecosystem, attacks targeting wallets have long become systematic. Scammers use the mechanics of hidden trading offers (Hidden Buy Offers) through NFT spam campaigns. Once a user approves a transaction in pursuit of a supposed bonus, the malicious transaction can completely drain their XRP balance.”
Read article