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XRP Falls to $1 as a Bridge Hack Drains 200,000 XRP: What's Going On?

Aug 11, 2026 · 03:46 PM ET· updated 1h ago
XRP Falls to $1 as a Bridge Hack Drains 200,000 XRP: What's Going On?

XRP falls below $1 for the first time since November 2024 after a Coreum bridge exploit drains roughly 200,000 XRP.

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Why It Matters

A security problem at a bridge (a tool that moves coins between blockchains) caused someone to steal 200,000 XRP coins, which made the price drop below $1. When a coin loses value because of a security problem, watch to see if the company fixes it quickly—that matters for whether people trust it again.

This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.

Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.