How an $86M Ledger Attack and 18 Trillion XRP Bug Exposed Crypto’s Security Risks

An $86 million Ledger attack. A bug that could have created 18 trillion XRP. And growing concerns over what AI could mean for crypto security.

This week on The Weekly, Alex Richardson and David Sencil unpack some of the biggest security stories shaking the industry.

They break down the Ledger supply-chain attack that drained at least $86 million from users, including reports of tampered devices capable of passing Ledger’s genuine check.

They also examine Ethereum researcher Justin Drake’s warning that crypto may need to prepare for “bunker mode” as AI accelerates mathematical discovery and potentially puts long-standing cryptographic assumptions under pressure.

Then, they dig into the XRP Ledger vulnerability that could have allowed an attacker to mint as much as 18 trillion XRP, how AI helped uncover the flaw, and whether a $250,000 bug bounty was enough for a vulnerability of that scale.

Plus, Alex and David look at rising Treasury yields, U.S. fiscal concerns, and whether stress in the bond market could strengthen Bitcoin’s case as an alternative to sovereign money.

🎧 Be sure to subscribe on your favorite podcast platform to catch more conversations with industry leaders, economists, and builders shaping the future of crypto and finance.

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