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GIGANTIC XRP NEWS!!! THIS MEANS EVERYTHING FOR XRP?!?!
🚨 XRP and Flare holders — you need to hear this. Flare Networks has TEMPORARILY paused FXRP cross-network bridging between Flare, Ethereum, Base, and other supported chains. Let me be crystal clear: this is a PRECAUTIONARY move, NOT a Flare exploit. FXRP on Flare itself remains FULLY operational — minting, redemption, and DeFi are all good (Flare Networks).
Here’s what actually happened: the broader DeFi ecosystem got hit by the largest hack of 2026 so far — the Kelp DAO rsETH exploit, which drained roughly 116,500 rsETH worth ~$293 million through a LayerZero OFT bridge vulnerability. Because Flare’s FXRP uses LayerZero’s OFT standard for cross-network transfers, Flare paused that specific route as a safety measure while the rsETH incident is investigated. The XRP Ledger → Flare bridge is a completely separate process and is NOT affected.
What this means for YOU:
FXRP on Flare = SAFE and fully operational
Minting, redemption, FAssets, DeFi on Flare = ALL WORKING
ONLY the OFT cross-network transfer route is paused
Users holding FXRP on non-Flare networks can’t currently redeem (must bridge back to Flare first)
Other protocols (Aave, Lido, Ethena, etherFi) paused similar features as precaution too
Don’t panic sell. This is exactly what responsible risk management looks like. NFA — DYOR 👇
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💜 Thanks for supporting the channel! Like, share, and comment if this helped clarify what’s really happening.
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GNG Business studies | Day 17 | Chapter 10 | Class 12 | Financial Markets
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