XRP Ledger Activates Fix for Token-Minting Flaw
The XRP Ledger activated its fixCleanup3_4_0 security amendment on November 4 at ledger 108,112,129. The update closes a loophole that could allow accounts with delegated PaymentBurn permission to create issued tokens, including trust-line assets and Multi-Purpose Tokens, in certain circumstances. Separate minting permission is now required. The flaw did not affect XRP’s native supply, and no public exploitation has been confirmed.
The amendment also includes changes to automated market maker clawbacks, trading pools, escrow reserves, Multi-Purpose Token authorization, transaction signing and Single Asset Vault accounting. Validator support had fallen below the required threshold on October 21, restarting the approval period. The amendment took effect after receiving support from more than 80% of trusted validators for two consecutive weeks. It does not activate the proposed native lending protocol, which requires separate approval. The XRP Ledger security upgrade strengthens safeguards for issued assets, including stablecoins, but has no direct effect on XRP’s supply or price.
Neutral
The amendment improves XRP Ledger security by closing a permission-related token-minting loophole, which may support confidence in the network and its issued assets over time. However, neither summary reports confirmed exploitation, a change to XRP’s supply, or a direct market effect. The update also does not activate the proposed lending protocol. In the short term, traders may view the successful upgrade as a positive operational signal, but it is unlikely to drive sustained XRP price movement on its own. Longer-term effects depend on whether stronger safeguards help attract use of the XRP Ledger; broader market conditions, liquidity and XRP-specific demand are likely to remain more influential price drivers.