Notification
Mycryptopot
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
Reading: XRPL Code Update Proposed After $200,000 XRP Wallet Lockout
Share
bitcoin
Bitcoin (BTC) $ 64,058.00
ethereum
Ethereum (ETH) $ 1,908.31
tether
Tether (USDT) $ 0.999104
bnb
BNB (BNB) $ 606.61
usd-coin
USDC (USDC) $ 0.99959
xrp
XRP (XRP) $ 1.00
binance-usd
BUSD (BUSD) $ 0.998453
dogecoin
Dogecoin (DOGE) $ 0.070359
cardano
Cardano (ADA) $ 0.175038
solana
Solana (SOL) $ 75.99
polkadot
Polkadot (DOT) $ 0.756968
tron
TRON (TRX) $ 0.32842
MycryptopotMycryptopot
Search
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Mycryptopot > News > Crypto > Altcoins > XRPL Code Update Proposed After $200,000 XRP Wallet Lockout
Altcoins

XRPL Code Update Proposed After $200,000 XRP Wallet Lockout

February 16, 2026 3 Min Read
Share
image
mycryptopot

In a current tweet, $XRP Ledger developer Wietse Wind shared a peculiar incident about an XRPL consumer with $200,000 $XRP who was locked out of his account after unknowingly making a “nested Multi Signal” setup.

Wietse Wind recounts that on Aug. 15, 2025, in his Twitter DMs, a apprehensive group member requested for assist/recommendation. This consumer had $200,000 in $XRP in an XRPL account and arrange multisign. He additionally arrange multisign for the accounts he used for the preliminary multisign. Then got here the error: unknowingly, he created a “nested multisign” setup.

mycryptopot

Whereas $XRP Ledger permits one to configure such a factor, it creates a situation that may by no means be resolved: even with entry to the secrets and techniques belonging to nested multisign accounts, XRPL won’t ever settle for the signatures due to the nested situation.

It’s Aug 16, 2025. In my Twitter DM’s, a apprehensive group member asks for assist/recommendation.

He has $200k in $XRP in an XRPL account, and he arrange Multi Signal. Then he arrange multi signal for the accounts he used for the preliminary Multi Signal. Unknowingly, he created a “nested Multi Signal”…

— Wietse Wind – 🪝🛠 Xaman® + XRPL + Xahau (@WietseWind) February 13, 2026

Wietse Wind identified that this can’t merely be fastened at XRPL Labs since code is regulation and the XRPL code occurs to permit for establishing a situation the place one is locked out of 1’s pockets. This leaves the one possibility for resolving the problem to be an modification.

Amendments symbolize new options or different adjustments to transaction processing. Bug fixes that change transaction processes additionally require amendments.

After these adjustments are launched as amendments, validators then vote on them. If an modification receives greater than 80% assist for 2 weeks, it passes.

mycryptopot

Nested multisign modification submitted

After discussing with brilliant minds within the $XRP Ledger ecosystem after which coding, Wietse Wind reveals that an modification that permits for nested signatures was born.

The nested multisign modification introduces nested multisignature validation, permitting signer lists to delegate signing authority to different accounts that themselves have signer lists.

Wind informs readers that this modification has now been submitted to the rippled/XRPL code base. With this code change, merged right into a future launch by RippleXDev and voted in by validators, the stated consumer with $200,000 $XRP can acquire entry to their funds once more.

mycryptopot

You Might Also Like

Billions of Shiba Inu (SHIB) Leave Coinbase into Unknown as Price Finds Bulls’ Support

Is Ripple Payments Quietly Becoming the New SWIFT? Top Crypto Executive Explains

FET price extends gains as AI token rally and ASI roadmap lift demand – how high can it go?

Top Cardano Contributor Leaves Ecosystem After Declaring Bankruptcy

Analyst Highlights XRP Price Prediction From 2022 That Predicted The Rise To $2.8, But There’s More!

TAGGED:AltcoinsAltcoins News
Share This Article
Facebook Twitter Copy Link
Previous Article Trump Trump-Linked WLFI $500M UAE Stake Sparks Senate Demand For Probe
Next Article image Ethereum price risks capitulation below $1,800 as high-volume support weakens
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
mycryptopot

Popular News

Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
SONEX launches on Soneium’s mainnet 
SONEX launches on Soneium’s mainnet 
Shiba Inu
Solana Unveils “Seeker” Phone: Will SOL Spike To $250 Now?
Shiba Inu
Cardano: Recent Poll Has ADA Beating Out Ethereum & Solana
Liam 'Akiba' Wright
Bitcoin Core feature freeze nears as rebase issues hit unencrypted-connection proposal
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
- Advertisement -
mycryptopot

You Might Also Like

Dogecoin
Altcoins

Grayscale Seeks Big Breakthrough: Amended S-1 Filed To Convert Dogecoin Trust Into GDOG ETF

September 21, 2025
Cardano CEO Urges Return to Bitcoin’s Vision as AI and Blockchain Transform Global Finance
Altcoins

Cardano CEO Urges Return to Bitcoin’s Vision as AI and Blockchain Transform Global Finance

June 10, 2025
Libra
Altcoins

Argentina Opens LIBRA Investigation, Top Officials May Be Implicated

April 10, 2025
image
Altcoins

EDU Price Declines 4.5% as Support Holds and $0.1574 Resistance Caps Upside

August 29, 2025
Mycryptopot

"Welcome to MyCryptoPot, your go-to source for the latest insights and developments in the ever-evolving world of cryptocurrency.

Editor Choice

Ethereum Drops Below Key Realized Price: Last Time Was March 2020 Before A Rally
Elon Musk’s SpaceX to File IPO Next Month Valued at $1.75T
Traders put 50/50 odds on Bitcoin ending 2025 below $90k amid $3B ETF outflows

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: XRPL Code Update Proposed After $200,000 XRP Wallet Lockout
Share
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Welcome Back!

Sign in to your account

Lost your password?