XRPN shareholders voted on September 30 to take XRP treasury company Evernorth public on the Nasdaq without knowing that a critical bug could have allowed hackers to mint trillions of new XRP tokens. Ripple secretly patched this inflation vulnerability on September 25, just two days before the September 28 share redemption deadline. The bug had existed since 2015 and was reported to Ripple by researcher Cayden Liao on September 22. The true nature of the patch was only revealed on October 9, the merger closing date, after shareholders had already made irreversible decisions in an information vacuum.
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