XRP News: The XRP Ledger Is Fixing a Flaw That Could Have Let Partners Print Extra Stablecoins. How Big a Risk Was It?
The update closes a PaymentBurn loophole that could let delegated accounts mint issued tokens, with no confirmed exploitation reported.
- On Wednesday, November 4, 2026, the XRP Ledger activated the fixCleanup3_4_0 software update, resolving a vulnerability in the PaymentBurn permission that could let delegates mint tokens they were only authorized to destroy.
- Previously, the PaymentBurn permission—intended solely for destroying fungible tokens—could inadvertently let a delegate mint new assets, creating risks for stablecoin and Multi-Purpose Token issuers when transactions crossed a zero-balance boundary.
- Following a support dip on October 21, the network restarted the countdown; validators maintained over 80% backing for the required 14 consecutive days, enabling the amendment to activate as scheduled.
- No native XRP was affected by this vulnerability, as the flaw only concerned issued assets like stablecoins and Multi-Purpose Tokens ; the correction now prevents transactions from crossing the zero-balance boundary.
- Beyond the PaymentBurn correction, the update includes accounting repairs for Single Asset Vaults and automated market makers, though these changes arrive ahead of separate, forthcoming lending amendments requiring independent validator approval.
30 Articles
30 Articles
XRP Ledger Turns On Fix for Delegated Burn Permission That Could Mint New Tokens
An XRP Ledger amendment activated Nov. 4 strips a side effect from PaymentBurn, the permission issuers delegate so another account can burn their tokens, that in some cases let the delegate create new ones instead. The amendment, fixCleanup3_4_0, was enabled at 14:52 UTC in ledger 108,112,129, according to amendment tracker XRPLWin. It shipped with xrpld 3.4.0, the server release that came out on Sept. 17. Get Unchained’s crypto news in your inb…
XRP News: The XRP Ledger Is Fixing a Flaw That Could Have Let Partners Print Extra Stablecoins. How Big a Risk Was It?
A new delegation feature on the XRP Ledger quietly introduced a way for partner accounts to mint stablecoins they were only supposed to burn, and the window for exploitation may not have closed yet.
XRP Ledger targets Nov. 4 fix for token-minting flaw
XRP Ledger has moved closer to activating a Nov. 4 fix for a flaw that can let accounts authorized only to burn issued tokens create new ones under certain conditions. XRPL’s official documentation identifies the problem in PaymentBurn, a permission…
XRP Ledger developers tighten the rules for who can hold 'restricted' tokens
XRP Ledger (XRPL), the decentralized blockchain network on which XRP operates, has fixed a significant security vulnerability. According to CoinDesk, XRP Ledger announced that it has fixed a security flaw that could allow only accounts authorized to burn tokens to mint new tokens under certain conditions. The update, called fixCleanup3_4_0, was activated on November 4th. This fix addresses the vulnerability in token burning and other processes o…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
