Top Crypto Exchange Runs Out of XRP. Here’s What Happened

A sudden disruption on the XRP Ledger drew unusual on-chain activity this week when BitGo’s XRP wallet temporarily ran out of funds, causing a series of failed transactions that overwhelmed the network. The incident, described by crypto commentator Skipper (@skipper_xrp) on X, comes after months of discussions about diminishing XRP reserves on exchanges and whether a tightening supply could influence future price movements. BREAKING: TOP CRYPTO EXCHANGE RUNS OUT OF XRP #XRP Ledger went crazy after BitGo's wallet hit zero, flooding the network with failed payments and turning the blockchain into a spam factory for hours, before fixing the mistake with an XRP deposit. The issue started when… pic.twitter.com/KGRwzdCUzf — Skipper | XRPL (@skipper_xrp) November 12, 2025 A Wallet Error Turns Chaotic According to his report, the issue began when BitGo’s automated system attempted to activate new XRP accounts. Each activation requires a 1 XRP reserve fee to establish a...

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