Between September 15 and 20, 11.75 million XRP, worth approximately $18.68 million at the current price of around $1.59, were stolen from 6,678 wallets linked to the mobile app of South Korean hardware wallet manufacturer D’CENT. Attackers exploited the AccountDelete instruction on the XRP Ledger to close eligible accounts and recover even the minimal reserves, while simple payment transactions drained another 4,208 wallets. Most of the stolen funds passed through THORChain to Ethereum, with 3.24 million XRP sent to unionchain.ai, 546,080 XRP to NEAR Intents, and 535,666 XRP to Binance. D’CENT now requires all affected users to migrate their funds to a wallet generated from an entirely new seed phrase and is working with South Korean authorities to freeze the stolen assets. No compensation has been announced to date, and the technical cause of the private key leak remains undisclosed.
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