Attacker drains XRP bridge of $200,000 using fake deposit exploit

A hacker stole around 200,000 XRP tokens, worth about $200,000, from a crypto bridge on August 9, 2026. The attack took 97 minutes and targeted a bridge connecting the XRP Ledger to the tx blockchain, formerly called Coreum. Cross-chain bridges let users move tokens between different blockchains by locking them on one side and releasing them on the other. The attacker moved the bridge's own tokens between their own wallets and added false deposit labels. The bridge's software mistakenly accepted these as real incoming deposits. The hacker then withdrew genuine XRP from the bridge's reserve. Seventeen of 28 network validators approved all 97 fraudulent transactions because the fake deposits looked real in the system. The bridge operator has reported the theft to the FBI.