CryptoRank reported that the tx XRP bridge was drained of 99.7% of its reserve in an exploit estimated at about $200,000. The incident concerns a bridge handling XRP, the digital asset associated with the XRP Ledger ecosystem.
A cross-chain bridge is infrastructure designed to move or represent assets between different blockchain networks. Because bridges often hold reserves or rely on smart contracts and other operational controls, exploits affecting them can disrupt transfers and raise concerns for users whose assets depend on the bridge’s available liquidity.
The reported loss indicates that only a small fraction of the bridge’s reserve remained after the exploit. No further details on the method used, the party responsible, affected users, recovery efforts, or the bridge’s response were included in the available report. The event adds to broader security scrutiny around cross-chain bridge infrastructure in the crypto sector.
