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XRP Ledger Foundation Confirms Security Bug Created No New XRP

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XRPUSD$1.40 −0.36%

The XRP Ledger Foundation confirmed that a recently patched security vulnerability did not result in the creation of any new XRP (BITSTAMP:XRPUSD). The ledger launched with a fixed supply cap of 100 billion tokens, and transaction fees are permanently destroyed over time. As a result of ongoing fee burning, the total existing supply sits at approximately 99.986 billion tokens.

The flaw required hundreds of specifically constructed operations to execute, meaning standard payment transactions could not trigger it. Software version 3.4.1 resolved the issue after developers and network participants coordinated to distribute the fix on September 25. The update subsequently became mandatory following a two-week amendment vote that secured over 80% validator support.

Moving forward, security teams plan to strengthen ledger protection through formal verification, artificial intelligence adversarial testing, and an expanded bug bounty program. XRP traded at 1.403 USD, down 0.43% for the day.

Key points

  • No new XRP tokens were created during the recent software vulnerability.
  • Version 3.4.1 patched the issue after gaining over 80% validator approval in an amendment vote.
  • XRP remains deflationary with an existing supply of approximately 99.986 billion tokens.
  • Developers will adopt formal verification and AI adversarial testing to prevent future flaws.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Was any new XRP created by the security bug?

No. The XRP Ledger Foundation verified that no new XRP was created, as ledger rules permanently cap supply and transaction fees continue to burn existing tokens.

How was the XRP Ledger security bug fixed?

Developers released software version 3.4.1 on September 25, which became mandatory after receiving more than 80% approval from network validators over two weeks.