A transaction error by DPRK operatives results in 46,300 XRP lost on the blockchain.
Zachxbt Uncovers North Korea’s Costly XRP Mistake
Blockchain analyst Zachxbt has revealed a critical mistake by North Korean operatives attempting to transfer 46,300 XRP, worth approximately $121,000. The transaction was rendered ineffective due to the omission of a required destination tag, leaving the funds stranded.
“For those who [are] unfamiliar with Ripple this means the funds were not credited to any account as exchanges would not know who to credit the funds to.”
Transaction Error Leads to Lost Funds
The destination tag functions as a key identifier, ensuring XRP deposits reach the intended recipient. Without it, the exchange cannot credit the funds to any account, effectively locking them in blockchain limbo.
A Costly Blunder for DPRK Hackers
According to Xrpscan data, the failed transfer was directed to crypto exchange OKX. This error highlights the irony of North Korea’s cyber operations—sophisticated hacking attempts undermined by basic oversights.
Unrecoverable Funds Likely Lost Forever
Unless the exchange intervenes, which is unlikely given the origin of the funds, the stolen XRP may be permanently inaccessible. The incident underscores the risks even skilled operatives face when handling digital assets.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
