XRP Ledger Releases Major Update Targeting Wall Street Giants XRPL now allows delegated permissions without exposing master keys. XRP Ledger has activated the PermissionDelegationV1_1 update, adding a delegation mechanism designed for banks, stablecoin issuers, and tokenized fund managers. ⚠️ Personal market analysis only. NFA — manage risk and DYOR. Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.

This XRP vulnerability has shattered my illusions about the entire altcoin sector. A top-tier coin with a market cap nearing $100 billion and more than a decade of history, whose core narrative is a “fixed total supply of 100 billion,” was left hanging by a bug hidden for nearly 11 years—a single transaction could have created roughly 18 trillion XRP out of thin air, 184 times the total supply. Fortunately, a security company discovered it using AI and reported it in advance through a bug bounty program. The official team quietly patched it in an emergency more than half a month ago. The team says there is no evidence it was ever exploited, but it still sends chills down my spine. Keep in mind, this is one of the most audited codebases in the entire industry. If even a well-known top-tier coin like XRP can have this happen, what about altcoins with smaller ecosystems, shoddier code, and less transparent teams? From now on, whenever I look at an altcoin, I’ll ask one question first: Is this token’s supply cap really welded shut? $XRP