Morning Edition · Monday, October 12, 2026Published at 1:41 AM EDT · New York
The flaw sat in the order-book payment math for about a decade, earned researchers a $250,000 bounty, and was fixed quietly in version 3.4.1 before it was made public.

The XRP Ledger Foundation, which supports the open-source XRP Ledger, said no new XRP was created by a recently patched ledger bug. Supply stays capped at 100 billion, and the fix shipped in version 3.4.1. crypto.news reports that the bug was about ten years old, could in theory have minted 18 trillion XRP, and earned the researchers who found it a $250,000 bounty. The foundation also found no evidence that anyone exploited it before the patch.
The root cause was an integer overflow. A payment can draw on many offers in the ledger's built-in order book. According to the foundation's explanation, the code added up those amounts in an unchecked 64-bit integer. When the total exceeded the largest value the integer can hold, it wrapped around to a much smaller number, but sellers still received their full amounts. The gap between the two would have been new XRP. The foundation says triggering the flaw would have required hundreds of deliberately crafted operations, so ordinary payments could not set it off.
The disclosure followed an unusual order. The patch went into version 3.4.1 about two weeks before the public explanation, and maintainers held back details to avoid giving attackers, including those using artificial-intelligence tools, a guide to the flaw. Reports credit the discovery to Veria AI, working through the bounty program. TokenPost also describes it as a decade-old defect. A quiet patch works on the XRP Ledger because a relatively small set of validators on the recommended list can upgrade together. That same coordination, which protected users here, also reflects how concentrated the network's governance is.
Large XRP holders and Ripple-linked developers benefit from an account in which the 100 billion supply cap held through responsible disclosure, and Veria Labs gains publicity for its AI auditing agent and a .
Part of a tracked trend
Unaudited Open-Source Crypto Code Surfaces at Scale
Coordinated volunteer and AI-assisted review keeps exposing large backlogs of undiscovered defects in the open-source libraries that wallets, nodes and protocols depend on, so disclosure waves — not novel attacker research — become a recurring driver of emergency patches and incident risk across the ecosystem.
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More from this edition
The finding that nobody exploited the bug is the maintainers' own assessment, and no independent researcher has yet published a supply reconciliation. KuCoin News also reports that RippleX shipped the xrpld 3.4.1 fix on September 25 without the usual validator vote, which shows how much control one developer team has over network upgrades.
An open-source-intelligence read of how likely this story is true with its real nuance, not a judgment of any outlet. It assesses the claim, weighing independent and adversarial reporting. How we label confidence.
What this means
A fixed supply is only as strong as the arithmetic that enforces it, and the exposure here was to XRP's monetary premise itself, not to any single application. Bitcoin's 2010 value-overflow incident, which briefly created more than 184 billion BTC and was reversed with an emergency fork, and Zcash's 2018 counterfeiting flaw, which was fixed in secret and disclosed months later, show the pattern: inflation bugs in mature chains are found late and fixed quietly. The market has not reacted, and that looks correct, since the foundation's supply figures are checkable on-chain. The forward read is more about process than about XRP. AI-assisted bug hunting is finding old defects in base-layer code faster than maintainers have historically disclosed them. The likelier outcome over the coming months is more silent patches followed by delayed disclosure across older chains. That depends on validators continuing to upgrade quickly. A disclosed inflation bug that was exploited before a patch landed would overturn the market's current calm.
What to watch
Observations to monitor, not financial advice.
Synthesized from: crypto.news · Polylog editors · KuCoin News · TokenPost
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