XRP Wallets Mystery: Larsen’s $150M Loss & Dormant Accounts

• Dormant XRP wallets tied to Larsen moved $109M, raising control speculation.
• XRP surged 18% after Trump’s crypto reserve plan and sudden wallet activity.
• Hackers exploited LastPass breach, stealing $150M XRP from Larsen’s holdings.

Ripple co-founder Chris Larsen has found himself at the center of a significant financial event. U.S. law enforcement released documents on March 7, showing that Larsen lost approximately $150 million in XRP value in January 2024. 

The alleged theft happened from a compromised private key kept in the password manager LastPass, which suffered a major data breach in 2022. 

The breach gave hackers access to encrypted digital assets, resulting in the massive loss. But, the incident took a strange turn when previously dormant XRP wallets linked to Larsen suddenly became active, which made people wonder what was going on.

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