🚨 $3M XRP Lost 🚨
A crypto user just got completely wiped out - $3.05 million in $XRP - and all because they didn’t understand the tools they were using 😬. Self-custody is only secure if you actually follow the rules.
📊According to ZachXBT, the victim used an Ellipal hardware wallet, but imported their seed phrase into the mobile app.
📊Boom - a supposedly cold wallet just turned into a hot wallet, fully exposed to the internet. Hackers swooped in on Oct. 12 and drained everything.
🤯How they moved the money? A textbook laundering playbook: the stolen $XRP was swapped into Tron via Bridgers across 120+ transactions, then funneled through OTC desks linked to Huione.
Lesson? If you don’t know what you’re doing with your seed phrases, your “cold” wallet is basically a welcome mat for thieves 😏
WhiteBIT Chart (5D): $XRP