XRP Targeted in Partial Payment Exploit

© Reuters. XRP Targeted in Partial Payment Exploit

Exchanges carrying XRP may have been hit with an exploit, affecting the Beaxy exchange most heavily. A day after the exchange halted the XRP/BTC pair, the nature of the exploit has been identified, and Beaxy promised it would roll back the trades.

Beaxy identified the problem as a “partial payment exploit”, a possibility granted by the approach to integrating the XRP digital ledger with the exchange.

Partial payments are natural to the XRP distributed ledger, as a mechanism for faster transactions. The exploit is well-known, and exchanges have been pre-warned to be aware of the integration with the XRP ledger:

“If a financial institution’s integratio…

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