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200,000 XRP lost in 97 minutes due to a logic flaw in Coreum bridge's transaction validation

Market News
11 Aug 2026
UToday
View Source
Bearish
pluang ai news

The Coreum cross-chain bridge lost around 200,000 XRP in a 97-minute attack caused by a critical logic flaw. The bridge mistakenly validated fake deposits because it only checked transaction memos, ignoring recipient addresses, allowing the attacker to withdraw real XRP without compromising keys. This incident highlights serious quality control issues in the company behind the bridge, which has yet to release an official report. The stolen XRP is being moved through multiple wallets as the bridge remains suspended.

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