Bitget App
Trade smarter
MarketsTradeFuturesEarnSquareMore
BitGo Wallet Glitch Floods XRP Ledger with Failed Payments

BitGo Wallet Glitch Floods XRP Ledger with Failed Payments

Coinpedia2025/11/12 13:51
By:Coinpedia
Story Highlights

The XRP Ledger (XRPL) has been buzzing with unusual activity after one of BitGo’s wallets displayed behaviour many found unexpected. The sudden behaviour caught the attention of blockchain watchers and raised questions about what was happening behind the scenes.

Advertisement

Here’s what went wrong.

Over the past few days, XRPL users noticed an unusual spike in activity from BitGo’s “Initialization Wallet”, which was used to activate the Evernorth address. The wallet kept on creating and activating new XRP addresses automatically.

BitGo Initialization Wallet (Self-custody) is back in business and creating more wallets after receiving funds. I'm thinking not an accident. Need to finish the job for whats coming???? pic.twitter.com/n6aUrNK5et

— XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) November 12, 2025

Each account needed a small reserve of one XRP to activate. But when the wallet’s balance hit zero, the process did not stop and it kept on trying to send endless payment attempts that could not be completed.

As a result, the XRP Ledger got flooded with thousands of failed transactions labeled “UNFUNDED PAYMENT,” cluttering the network. Over just a few days, thousands of new XRP accounts were being created, with the number jumping to around 11,000 in a single day. 

XRPL dUNL validator Vet was the first to raise the alarm.

“BitGo just had a rogue script and now spams the ledger with failed transactions. Because their account ran out of XRP,” he said. Vet joked saying “the devs made infinite while loops.”

In an earlier post , Vet had pointed out that BitGo had been creating a large number of new XRP accounts recently, with a sudden increase in specific types of transactions, such as AccountSet and Multi-Signature transactions. 

He had said that there might be an interesting story behind this sudden surge in activity.

  • Also Read :
  •   Bybit Report Reveals Blockchains That Can Freeze Your Crypto
  •   ,

BitGo quickly responded on X thanking Vet for bringing the issue to their attention and confirming that their team was already investigating the matter.

The most recent update shows that BitGo’s self-custody “Initialization Wallet” is active again and creating more wallets after getting funded.

BitGo Initialization Wallet (Self-custody) is back in business and creating more wallets after receiving funds. I'm thinking not an accident. Need to finish the job for whats coming???? pic.twitter.com/n6aUrNK5et

— XRP_Liquidity (Larsen/Britto/Escrow/ODL/RLUSD) (@XRPwallets) November 12, 2025

This incident shows how a faulty script can disrupt activity across an entire blockchain.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Marriott’s Departure from Sonder Underscores Challenges in Technology-Based Hospitality Collaborations

- Marriott abruptly terminated its licensing agreement with Sonder , leaving thousands of guests stranded and canceling over 9,000 properties from its booking platforms. - The move slashed Marriott's 2025 growth forecast to 4.5% as Sonder filed Chapter 7 bankruptcy due to integration costs and revenue decline linked to the partnership. - Guests faced refund reversals and accusations of corporate negligence, while critics highlighted inconsistent crisis management and risks of overreliance on short-term ren

Bitget-RWA2025/11/12 16:32

Oil Consumption Expected to Increase Until 2050: Growth Driven by AI, Transportation, and Petrochemical Industries

- IEA revises energy outlook, projecting oil demand to reach 113M bpd by 2050 due to AI, transport, and petrochemicals. - Brazil, Guyana, and Argentina will lead 60% of new oil capacity through 2030, offsetting slower U.S. shale growth. - India's energy demand will surge 15 exajoules by 2035, driven by urbanization and 50% renewable grid capacity by 2025. - Global electricity demand will rise 40% by 2035, outpacing overall energy growth but lagging climate transition progress.

Bitget-RWA2025/11/12 16:32

Epstein Files Stalemate: Political Divide Over Facts Deepens

- White House accuses House Democrats of weaponizing Epstein emails to smear Trump, escalating a long-standing battle over "Epstein files." - Released emails suggest Epstein believed Trump knew about his sex-trafficking activities, though Trump denies all allegations as a "hoax." - Bipartisan push for full DOJ file disclosure stalls amid Trump's obstruction, with critics highlighting unreleased documents and political gridlock. - Epstein's associate Maxwell's transfer to minimum-security prison sparks surv

Bitget-RWA2025/11/12 16:32
Epstein Files Stalemate: Political Divide Over Facts Deepens

Dogecoin News Today: ZKP’s Advancements in Privacy and Scalability Surpass Dogecoin’s Popularity Amid 2025 Transition

- Zero-Knowledge Proofs (ZKP) are overtaking speculative tokens like Dogecoin and Chainlink as the crypto market prioritizes privacy and scalability solutions. - Projects like zkSync, Starknet, and Zcash (ZEC) achieved 15,000 TPS, 90% gas fee reductions, and 30.41% shielded transaction pools, outperforming traditional altcoins. - Deutsche Bank , Sony , and regulators are adopting ZKP for compliance, while Zcash's Project Tachyon targets thousands of private transactions per second. - ZK-rollup TVL surpasse

Bitget-RWA2025/11/12 16:32
Dogecoin News Today: ZKP’s Advancements in Privacy and Scalability Surpass Dogecoin’s Popularity Amid 2025 Transition