A longtime
$XRP holder has reported losing his entire crypto savings after hackers stole over $3 million worth of XRP from his cold wallet.
According to Digital Asset Investor (@digitalassetbuy) on X, the victim — Brandon, a 54-year-old from North Carolina — shared his story in a YouTube video, describing how 1.2 million XRP vanished within minutes on a quiet Sunday morning.
💥 How the Hack Happened
Brandon said his funds were stored in an Ellipal cold wallet, and he had always been cautious — never sharing his seed phrase and keeping it securely stored.
But when he checked his balance one morning, he found test transactions had been made before nearly all his
$XRP was transferred to a new wallet, then split across hundreds of addresses in minutes.
“This was our retirement money,” he said. “I woke up and all my XRP’s been stolen.”
He reported the theft to the FBI (IC3 portal) and local authorities, but few resources exist for crypto theft recovery at this scale
⚠️ The Recovery Struggle
Brandon said he looked into online crypto recovery companies — but found many asking for upfront fees or high commissions, making it hard to know who to trust.
“I read some are great, I read some are frauds,” he admitted, echoing the fears of many scam victims.
For now, he awaits a response from federal investigators, while Digital Asset Investor has urged the crypto community to help track the stolen funds.
🔐 Why It Matters
Even cold wallets aren’t immune if setup or firmware is compromised.
Regular security audits and firmware updates are crucial for safe storage.
Crypto recovery scams are on the rise — always verify legitimacy before paying anyone
📊 Market Insight
This incident underscores growing concerns about digital asset safety among long-term holders.
Security breaches like this often trigger short-term caution in the XRP community — though many still view such risks as part of crypto’s evolving landscape.
💬 Security in crypto isn’t just about where you store your coins — it’s about how you manage every detail.
#XRP #CryptoNews #Security #Hacking