BitGo Recovers XRP Accounts After Technical Glitch

An unusual surge in XRP activity linked to a prominent custody provider has triggered concerns about potential network instability. Reports from validator Vet suggest this spike involved numerous account activations and failed transactions, ultimately leading BitGo to replenish its XRP balance and resume account activation. Follow-up investigations revealed that the root cause of the issue stemmed from an internal scripting error causing repeated transactions, which exhausted the provider’s XRP reserves until a replenishment occurred. While the exact purpose behind this sudden wave of activity remains unclear, Vet noted the successful completion of recent activations and emphasized the need for transparency regarding BitGo’s operational objectives. Further investigation by other validators and the custody provider is expected to shed light on how such errors were triggered and what steps were taken to prevent recurrence.