The master play behind the $3M robbery in XRP: Bridges, Tron, and Money Laundering💸

If you thought stealing $3.05 million and disappearing was easy, the investigation of @ZachXBT shows that there is a whole script behind it and that it is a manual on "how to launder crypto at a professional scale" 🤯.

Here’s a summary of the play:

1) The Hit: Compromise the user's Ellipal wallet and steal the $3.05M in XRP.

2) The Diversion (Day 1): Move the stolen XRP using bridges to convert them to Tron (TRX), executing over 120 transactions in hours to "hide" the trail.

3) The Consolidation (Day 4): Three days later, consolidate all the money on the Tron network.

4) The Final Escape: Send the funds to OTC (Over-The-Counter) markets linked to Huione, where the money is converted and dispersed in different directions.🤯🤯

This tactic is not new; it aligns with transnational laundering methods operating from Southeast Asia.

This underscores something very important: the blockchain is transparent, but criminals are incredibly cunning at obscuring the origin of the assets.

What measures do you think exchanges and platforms should take to curb these movements?🤔

#blockchain #zachxbt #TRON✅ $TRX $XRP

Disclaimer ⚠️

The information provided in the previous post is for informational and educational purposes only. It should not be construed as financial, investment, legal, or tax advice.🚫

Investments in cryptocurrencies and decentralized finance (DeFi) carry significant risks, including the potential total loss of the invested capital.⚠️

Always do your own research (DYOR - Do Your Own Research) 🫵🏻