BitGo Resumes XRP Account Activation

An XRP Ledger validator known as Vet reported unusual on-chain activity involving a well-known custody provider. The initial update described a surge in account activations, a spike in AccountSet transactions, and an increase in the number of multisignature operations, all occurring across a concentrated short period. Vet indicated uncertainty about the actor behind the activity, but flagged the pattern as notable and worthy of further attention from observers and developers monitoring ledger health. Follow-up: failed transactions traced to a scripting error In a subsequent update, VET clarified that the earlier anomaly had a technical explanation. According to the validator, a custody provider’s internal script began issuing repeated transactions that did not complete because the provider’s account depleted its XRP balance. The validator characterized the behavior as the result of an erroneous loop in the provider’s automation that repeatedly attempted transactions until funds were exhausted, which produced a stream of failed...

https://timestabloid.com/bitgo-resumes-xrp-account-activation/