The XRP Ledger Foundation is facing strong criticism from the crypto community over a $250,000 bounty paid for a critical security bug. The vulnerability could have allowed an attacker to create spendable XRP beyond the entire supply. An emergency fix, version 3.4.1, was released on September 25 without the usual amendment process, marking the first emergency fix in over ten years. The foundation says no XRP was created and the bug required hundreds of intentionally constructed operations to trigger. Critics argue the payout is far too small and warn that future hackers may exploit vulnerabilities first and ask for a bounty second.
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