- Ripple engineer explained why XRPL avoided recent multisign wallet exploit vulnerabilities.
- Ethereum wallet attackers drained millions before converting stolen assets through decentralized exchanges.
- XRPL multisign structure allows flexible account security without external smart contract dependencies.
Ripple engineer Mayukha Vadari has explained why the XRP Ledger remained protected from the multisign exploit that drained nearly $3 million from Ethereum and Base wallets. According to Vadari, XRPL avoids the smart contract vulnerabilities linked to third-party multisign systems because the feature operates directly within the protocol itself.
Vadari shared the explanation while reacting to a report from blockchain security firm Blockaid involving the SquidRouterModule exploit. During the incident, attackers drained 86 Gnosis Safe wallets within nearly two hours before swapping the stolen assets into DAI through attacker-controlled Uniswap V3 pools.
According to Vadari, XRPL’s native multisign design removes the attack path used in the exploit because the ledger does not rely on external smart contracts for account authorization. Consequently, Ripple supporters pointed to the incident as an example of how built-in protocol features can reduce wallet security risks.
She also stated that native blockchain features matter because third-party contract dependencies often create additional vulnerabilities across decentralized ecosystems. Moreover, the Ripple engineer stressed that XRPL’s architecture eliminates risks tied directly to patched multisign solutions.
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XRPL Multisign System Gains Attention Following Exploit
The XRP Ledger launched native multisigning in June 2016, allowing accounts to approve transactions using multiple secret keys simultaneously. According to details highlighted by Vadari, users can combine multisigning with master keys and regular key pairs under one account structure.
Additionally, XRPL users can modify signer groups or quorum requirements without changing wallet addresses. Individual signers may also rotate credentials independently without interrupting access to funds stored on the network. Consequently, the system offers operational flexibility while maintaining account continuity.
Vadari also responded to criticism claiming Bitcoin supports broader multisign adoption than XRPL. According to her explanation, custodial platforms remain the largest users of XRPL multisigning, even though fewer self-custodial applications currently support the feature. She further noted that Bitcoin only expanded beyond basic M-of-N multisign functionality after the Taproot upgrade launched in 2021.
The exploit has intensified focus on blockchain wallet security and infrastructure reliability across major crypto networks. Consequently, XRPL supporters highlighted the ledger’s native account architecture as a security advantage during periods of increasing smart contract-related exploits.
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