Attack on Bitfinex Exchange Involving $15 Billion XRP Transaction Failed: Paolo Ardoino A transaction involving nearly $15 billion worth of XRP from an unknown wallet to the
Bitfinex exchange as part of a “partial payments
exploit” has failed.
The transaction was first brought to the public’s attention by the blockchain tracking account known as Whale Alert, which reported a jaw-dropping transfer of
25.6 billion XRP, nearly half of the cryptocurrency’s circulating supply, from an anonymous wallet to
Bitfinex. Yet, the excitement was short-lived as
Whale Alert promptly deleted the post, citing an issue with reading the Ripple node response that led to an erroneous alert.
Subsequently,
Bitfinex Chief Technology Officer Paolo
Ardoino revealed that the colossal transaction was, in fact, an attempted attack on
Bitfinex through what is known as a “Partial Payments Exploit.”
