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Nearly 200,000 XRP stolen via Coreum bridge exploit due to deposit verification flaw

Market News
11 Aug 2026, 20:41 WIB
Crypto Briefing
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Bearish
Nearly 200,000 XRP stolen via Coreum bridge exploit due to deposit verification flaw

On August 9, 2026, an attacker exploited a deposit verification flaw in the Coreum cross-chain bridge connecting to the XRP Ledger, siphoning 199,916 XRP in 94 transactions over 97 minutes. The exploit tricked the bridge's multisig relayer system into approving fake deposits, triggering real XRP withdrawals without breaching XRPL or stealing private keys. The Coreum bridge remains suspended as the incident highlights risks in relayer-based verification systems, emphasizing the need for stronger cross-chain security measures. This was a third-party infrastructure failure, not a protocol vulnerability, limiting broader XRP ecosystem impact.

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