Ripple wants to remove more than 10,000 lines of unused XChainBridge (XLS-38) code after choosing Axelar for the XRPL EVM Sidechain instead of developing its own solution. Lending Protocol V1.1 is undergoing an AI-only security review through Sherlock’s Audit Engine, following an unusually extensive security process that identified 94 valid issues including 15 critical and 19 high-severity findings in a $200,000 attackathon involving 131 researchers. The broader industry context remains concerning, with $1.31 billion lost across 344 security incidents in the first half of 2026, code vulnerabilities remaining the most frequent attack category. Sherlock has yet to disclose results from its AI-only audit, leaving the effectiveness of this approach for securing the next generation of XRPL financial functionality unresolved.
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