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There was a bug discovered in the XRP Ledger's (XRPL) Automated Market Maker (AMM) pools in early 2024. This caused issues with transactions being processed incorrectly within certain AMM pools.

Here's a summary of the situation:

Impact: The bug prevented transactions from executing properly in affected AMM pools, hindering their basic functionality.
Cause: A technical discrepancy was identified in a limited number of AMM pools.
Response: RippleX, the developer behind XRPL, advised users to avoid depositing new funds into AMM pools for the time being. They are actively working on a fix and have engaged with the community to help troubleshoot.
Call for Canary Network: This incident has renewed calls for the implementation of a Canary Network for XRPL. A Canary Network is a separate testing ground for new features before they are deployed on the mainnet, which could help prevent similar issues in the future.

Meanwhile,

The SEC is expected to file a legal brief based on the information gathered during the discovery phase.
April 29, 2024: This is the deadline for both parties to submit their final arguments on remedies.

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#XRPCommunity #XRPArmy #XRPL
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