A forensic report has gathered that nothing less than 23 million XRP have been stolen from roughly 80-90 individuals whose accounts are being managed by Gatehub.net.
A report by XRP Forensics, a body monitoring hacks in the XRP ecosystem indicates that it was made aware of a theft amounting to 201,000 XRP (transaction F6E9E1385E11649A6C2F88723A821AF209B54030886539DCEF9DDD00E6446948).
The body reflects that it started investing the matter immediately and found that the affected accounts are being managed through Gatehub.net. The offending account, according to the forensic report is “r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k”.
The account had carted away with huge funds of unsuspecting XRP holders which are likely to be or have been managed through Gatehub.net.
Furthering its investigation, XRP Forensics says it discovered that many other accounts have also been affected in the theft.
The body highlighted 12 other accounts connected to the attack, with the first possible victim faced with 10,000 XRP ripped off.
XRP Forensics says at the moment, nothing less than 23,200,000 XRP has been carted away from 80–90 victims. Now, nothing less than 13,100,000 XRP have been moved through exchanges and mixers.
The body says there is no sign affected accounts were bridged on gatehub.net directly with the use of client’s login details. Also, there is no sign of phishing attempt through emails or impersonation of Gatehub.net.
Forensic XRP says bad practice in managing migration of user accounts could be the cause of the account access.
The largest recipients of the funds are highlighted below:
alfacashier.com: 50,000 XRP
binance.com: 110,000 XRP
hitbtc.com: 115,000 XRP
exmo.me: 135,000 XRP
kucoin.com: 1,500,000 XRP
changenow.io: 3,250,000 XRP
changelly.com: 6,000,000 XRP
Ripple’s XRP in the Market
The cryptocurrency community is at present witnessing ups and downs with Bitcoin trading below $8,000.
However, at the time of writing Ripple’s XRP is maintaining its value around $0.4 with 0.34% price increase in the last 24 hours. XRP trades cautiously around this value, despite other digital assets falling drastically when the market started witnessing massive downturn.