Search results for Matt Hamilton
Crypto
XRP Healthcare to shut down, XRPH and XRPHAI set for delisting amid flawed wallet row
XRP Healthcare has formalised a halt to operations and started delisting procedures for its XRPH and XRPHAI tokens. It cited a prolonged bear market and failed exchange listing efforts, but attention has focused on technical weaknesses in its wallet code that were raised from the project’s early stages. A July 3 attack stole funds from 4,011 wallets, and former Ripple-related developers later publicly criticised the project’s structure and management.
Crypto
4,000 XRP wallets drained; ex-Ripple developers say warning signs existed
A large-scale hack in the XRP Ledger ecosystem drained thousands of mobile wallets at XRP Healthcare, affecting about 4,000 wallets. Attackers siphoned funds for about 3 hours, stealing 267,000 XRP and millions of related tokens and moving them to the Ethereum network. The breach was blamed on a critical flaw linked to a staking feature. Former Ripple developers and security experts cited previously documented risks, while the project team criticized their response.
Crypto
XRPL proposal to expand memo field capacity 1,200-fold draws criticism from ex-Ripple executive
A technical dispute has emerged in the XRP Ledger community over a proposal to expand the transaction memo field from 1KB to about 1.3MB, enabling users to store large data such as images, PDFs, music, videos and source code on-chain. Supporters say the protocol should allow the option if users are willing to pay extra storage costs. Former Ripple developer relations lead Matt Hamilton called it a \"really bad idea,\" citing ledger bloat, higher node costs and risks to decentralisation, and suggested using networks such as Filecoin instead.
