1h ago
Solana DeFi exploit with $250M drained fuels debate over Ripple's Swift-profiled XRP Treasury
A reported exploit on a Solana-based DeFi app drained roughly $250 million, a crypto analyst said, using the incident to underscore smart-contract risks for would-be institutional users. In the same video, the analyst pointed to documentation claiming Ripple's "G Treasury" has an official Swift compatibility profile, framing XRP as back-end settlement infrastructure rather than a retail token.