According to CoinDesk, the attacker minted unsecured XRP on another blockchain network, then swapped them for real XRP from the bridge's reserves. As a result, the bridge lost about $200 000.

The operator halted operations of the bridge and filed a complaint with the FBI. A source links the incident to software treating fake deposits as real.

The case is important for cross-network transfer infrastructure: a failure in verification could allow withdrawal of real reserve assets. However, available information is provided as metadata and does not disclose the bridge name, verification details, or the ongoing status of the investigation.