A recent hack involving approximately 1.2 million XRP (worth about $3.05 million) has laid bare the predatory practices of many crypto recovery firms, warns blockchain investigator ZachXBT. The victim, a 54-year-old retiree, discovered that his Ellipal wallet had been drained after importing his seed phrase into a mobile app—turning what he believed was cold storage […]A recent hack involving approximately 1.2 million XRP (worth about $3.05 million) has laid bare the predatory practices of many crypto recovery firms, warns blockchain investigator ZachXBT. The victim, a 54-year-old retiree, discovered that his Ellipal wallet had been drained after importing his seed phrase into a mobile app—turning what he believed was cold storage […]

$3 Million XRP Hack Exposes Recovery-Firm Predators: More Than 95 % May Be Exploitative

2025/10/20 12:14
1 min read
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A recent hack involving approximately 1.2 million XRP (worth about $3.05 million) has laid bare the predatory practices of many crypto recovery firms, warns blockchain investigator ZachXBT. The victim, a 54-year-old retiree, discovered that his Ellipal wallet had been drained after importing his seed phrase into a mobile app—turning what he believed was cold storage […]
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