Ripple Co-Founder Chris Larsen Loses $150 Million (283M XRP) in January 2024 Due to LastPass Hack

A forfeiture complaint filed on March 7, 2025, revealed that Ripple co-founder Chris Larsen lost approximately $150 million, equivalent to 283 million XRP, due to a hack in January 2024. The breach occurred because Larsen's private keys were stored in LastPass, a password manager that was compromised in 2022.

The information was disclosed by the U.S. law enforcement agency and reported by investigator ZachXBT. This incident highlights the vulnerabilities associated with storing sensitive information in password managers, especially those that have previously suffered data breaches.

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