$3M XRP Theft Hits US Retiree

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A US retiree lost $3.05M in XRP after his Ellipal wallet was drained.

Victim: Brandon LaRoque, 54, lost life savings accumulated since 2017.

Attack: Seed phrase imported into Ellipal app converted cold storage into a hot wallet.

On-chain tracing: 120 Ripple-to-Tron bridge swaps funneled funds to OTC desks tied to Huione, sanctioned by the US Treasury for laundering billions.

#XRP #CryptoHack #BlockchainSecurity #CryptoNews

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A US retiree lost $3.05M in XRP after his Ellipal wallet was compromised when a seed phrase turned cold storage into a hot wallet. The stolen funds were traced through Ripple-to-Tron swaps to OTC desks tied to a sanctioned laundering network.