A decentralized exchange founder scanned the entire XRP Ledger to recover forgotten funds locked in expired escrows - releasing 750,218 XRP worth over $1 million.
Adam, founder of First Ledger, identified time-locked escrows that had lapsed but remained unclaimed. Most belonged to individual community members who either forgot the funds existed or didn’t know they needed to submit an EscrowFinish transaction to reclaim them.
The XRP Ledger’s escrow system does not auto-release funds. After a timelock expires, recipients must manually trigger recovery - or risk permanent loss if secondary deadlines pass.
Network activity surged: AccountSet transactions hit a record 114,690 on March 20. AMM deposits peaked at 70,735 on February 28. Error messages for insufficient XRP reserves spiked above 370,000 on March 18 - the highest in three years - signaling new user onboarding pressure.