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Newly released documents by U.S. officials reveal that $150 million worth of XRP ($2.34) stolen from Ripple $2 co-founder Chris Larsen’s personal crypto wallet is linked to the 2022 LastPass security breach. Blockchain researcher ZachXBT highlights that Larsen’s private keys were stored within the compromised LastPass system. The weak protection of passwords during the 2022 attack allowed hackers to gain access to Larsen’s XRP assets.
How Did the LastPass Hack Occur?
The 2022 hack targeting LastPass began with the takeover of a developer account and penetrated the company’s cloud storage system. Hackers stole encrypted data of 25 million users, including customer information. Although passwords were encrypted, the use of simple or repetitive master passwords enabled hackers to crack the data using brute force methods.
Security Concerns in the Cryptocurrency Market
The impact of the LastPass hack continues to resonate within the

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