Unstoppable Error from BitGo Clutters XRP Ledger with Failed Payments

TLDR

• BitGo’s malfunctioning script caused a surge in failed transactions on the XRP Ledger.
• The script continued attempting payments even after the wallet balance reached zero.
• Thousands of new XRP accounts were created, contributing to the network congestion.
• XRP Ledger users noticed the sudden spike in “UNFUNDED PAYMENT” errors.
• XRPL validator Vet raised the alarm about the rogue script causing disruptions.

A malfunctioning script from BitGo has led to a surge of failed transactions on the XRP Ledger. The incident has caused disruption as thousands of new accounts were created, clogging the network with errors.

Failed Transactions Spike on XRP Ledger

Over the past few days, XRP Ledger users have seen a sudden increase in failed transactions. This was linked to BitGo’s “Initialization Wallet,” which started creating new XRP addresses. Each address required a small reserve of one XRP, but the process did not stop when the wallet ran out of funds.

As a result, the wallet continued attempting to send payments that could not be completed. This led to a flood of transactions labeled as “UNFUNDED PAYMENT,” overwhelming the network. In just a single day, about 11,000 new accounts were created, contributing to the spike in failed transactions.

XRPL Validator Vet Flags BitGo’s Rogue Script

XRPL dUNL validator Vet was the first to identify the issue and bring attention to BitGo’s malfunction. He noted that the wallet’s balance had run out of XRP, causing the script to continuously try and send payments. “BitGo just had a rogue script and now spams the ledger with failed transactions,” he said.

Vet also highlighted an increase in specific transaction types, such as AccountSet and Multi-Signature transactions. He suggested there might be a story behind the sudden surge in activity from BitGo’s accounts on the XRP Ledger.

BitGo quickly responded to the issue, thanking Vet for raising the alarm. The company confirmed that it was investigating the malfunction. As of the most recent update, the “Initialization Wallet” was active again and was creating more wallets after being funded. The situation highlights how a simple script error can cause widespread disruption across the XRP Ledger.

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