AI Tool Helps Avert Critical XRP Ledger Security Flaw

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Changelly

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XRP Ledger Foundation has confirmed it patched a critical vulnerability found in a yet-to-be-enabled amendment of Rippleโ€™s XRP Ledger, averting a potentially major exploit.

On Feb.19, a security engineer at cybersecurity firm Cantina, Pranamya Keshkamat, and the Cantina AI security bot identified a โ€œcritical logic flawโ€ in the signature-validation logic of Rippleโ€™s blockchain, XRP Ledger, reported the XRP Ledger Foundation on Thursday.ย 

The vulnerability in the signature validation code batch amendment would have allowed an attacker to execute transactions from victim accounts, including draining funds, without ever having the victimโ€™s private keys.ย 

โ€œThe amendment was in its voting phase and had not been activated on mainnet; no funds were at risk,โ€ said the XRPLF.ย 

coinbase
Source: XRP Ledger Foundationย 

Exploitation may have destabilized the ecosystem

In addition to the potential theft of funds and modification of the ledger state, the vulnerability could have โ€œdestabilized the ecosystem,โ€ the XRPLF said.

โ€œA successful large-scale exploit could have caused substantial loss of confidence in XRPL, with potentially significant disruption for the broader ecosystem.โ€

Related: Cybersecurity stocks fall after Anthropic unveils Claude Code Security

Cantina and Spearbit CEO Hari Mulackal said, โ€œOur autonomous bug hunter, Apex, found this critical bug.โ€

โ€œHad this been exploited, it would have been the largest security hack by dollar value in the world, with nearly $80 billion at direct risk,โ€ he added, possibly referring to XRP (XRP) market capitalization.

Emergence of AI cybersecurity scannersย 

The autonomous AI security tool developed by Cantina AI identified the vulnerability via โ€œstatic analysis of the rippled codebase,โ€ and submitted a disclosure report allowing the Ripple engineering teams to validate it and begin patching the code.ย 

Validators were advised to vote against the amendment, and an emergency release (rippled 3.1.1) was published on Feb. 23 to block the amendment from activating, stated the XRPLF.

AI is increasingly being deployed for cybersecurity purposes to sniff out code bugs that may be overlooked by human eyes.ย 

Anthropic released Claude Code Security, its AI cybersecurity vulnerability scanner, which it claims โ€œcan reason like a skilled security researcherโ€ on Feb. 20, causing a slide in public IT security company shares.ย 

Magazine: AI wonโ€™t make you rich but crypto games might, Axie founder steps down: Web3 Gamerย 

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