XRP/Ripple
Crypto exchange platforms, merchants and gateways are vulnerable to malicious attacks. This occurs due to a failure to configure the XRPL when it is integrated with the exchange platform or one of the other institutions. In fact, it is a recurring error that has allowed malicious actors to empty wallets containing XRP of a platform or trader.
According to the tool dedicated to prevent and stop this kind of attack, Xrplorer, only during June 3 have been successfully stopped. On their Twitter account, the tool advised the exchanges to check their settings. Xrplorer claims that malicious actors are constantly looking for platforms that allow them to take advantage of the Partial Payments feature.
This feature is part of the XRP Ledger, as mentioned, and is one of the payment methods that allow XRPL. The Partial Payment function allows a sent transaction to deduct the recipient’s transfer fee. That way, if a user is making a return or returning a payment, the transaction fee can be charged to the recipient and the sending user does not incur an additional expense. According to the XRP
According to the tool dedicated to prevent and stop this kind of attack, Xrplorer, only during June 3 have been successfully stopped. On their Twitter account, the tool advised the exchanges to check their settings. Xrplorer claims that malicious actors are constantly looking for platforms that allow them to take advantage of the Partial Payments feature.
This feature is part of the XRP Ledger, as mentioned, and is one of the payment methods that allow XRPL. The Partial Payment function allows a sent transaction to deduct the recipient’s transfer fee. That way, if a user is making a return or returning a payment, the transaction fee can be charged to the recipient and the sending user does not incur an additional expense. According to the XRP
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.