ZachXBT: The $150 million XRP theft case involving Ripple co-founder was caused by a password manager leak
ChainCatcher news, according to on-chain detective ZachXBT, a forfeiture lawsuit document submitted by U.S. law enforcement yesterday revealed the reason behind Ripple co-founder Chris Larsen's approximately $150 million (283 million XRP) theft incident in January 2024. The incident stemmed from Larsen storing his private key in the LastPass password manager, which suffered a data breach in 2022.The document shows that after the victim entered the cryptocurrency wallet private key into the online password manager, the physical record of the private key would be immediately destroyed. The password manager experienced two major data breaches in August and November 2022, during which attackers stole encrypted passwords and vault data. An FBI investigation found that this stolen data was used to illegally access the electronic accounts of multiple victims, stealing information, cryptocurrency, and other data.