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Ledger Attack Spreads to EU as AI Discovers XRP Bug Worth Trillions

(1 hour ago) · 1 source · Summarized by CryptoBipto

Reports indicate that a security attack targeting Ledger hardware wallet users has expanded into the European Union. Separately, an AI system reportedly identified a critical bug in the XRP Ledger that could have allowed the creation of 18 trillion XRP tokens.

WHY IT MATTERS

Hardware wallets like Ledger are physical devices that store cryptocurrency offline, similar to keeping valuables in a personal safe rather than at a bank. When attacks target these devices or their users, it raises concerns about the security of one of the most trusted methods for storing crypto. For beginners, this is a reminder that even hardware wallets are not immune to threats, and staying informed about security updates from wallet providers is important. The XRP bug discovery is also significant because it relates to token supply. Think of it like a counterfeiting vulnerability in a currency system — if someone could print trillions of extra units, the value of every existing unit could collapse. The fact that an AI tool reportedly found this bug highlights how automated security tools are increasingly being used to audit blockchain code and catch flaws before they can be exploited.

According to reports from Cointelegraph's Hodler's Digest roundup, a security incident involving Ledger, a major hardware wallet manufacturer, has spread to affect users in the European Union.

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SOURCES

  • cointelegraph.com

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