XRPN took shareholder vote with no knowledge of XRP inflation bug
Photo: Protos
Shareholders of Ripple and Arrington Capital’s XRP treasury stock Evernorth Holdings would have surely loved to know that hackers could have inflated the supply of XRP by trillions of new tokens before they decided last month whether to move forward with a plan to take an XRP crypto treasury company public. No one told them, while their share redemption window was open prior to September 28, that the XRP Ledger’s base layer payment engine had a bug allowing hackers to mint trillions of new XRP — trading today near $1.35 apiece — for almost nothing.
Source: Protos
