PANews reported on March 7 that crypto detective ZachXBT stated that according to an asset forfeiture lawsuit filed by U.S. law enforcement yesterday, Ripple co-founder Chris Larsen suffered a hacker attack worth approximately US$150 million (283M XRP) in January 2024 because the private key was stored in the password manager LastPass that was hacked in 2022 .

Previously, Larsen did not disclose the specific reason why the wallet was stolen. Law enforcement agencies found that the data breach of LastPass in 2022 allowed attackers to steal encryption private keys, and then illegally accessed the victim's electronic account and stole assets.