An American crypto investor says he just lost his retirement savings after hackers stole $3 million in XRP. Brandon LaRoque, a 54-year-old from North Carolina, says he had accumulated 1.2 million XRP since 2017 as a retirement fund with his wife. But according to blockchain researchers including ZachXBT, attackers drained the crypto on October 12th […] The post US Crypto Investor Loses $3,000,000 in XRP in Devastating Hack appeared first on The Daily Hodl.An American crypto investor says he just lost his retirement savings after hackers stole $3 million in XRP. Brandon LaRoque, a 54-year-old from North Carolina, says he had accumulated 1.2 million XRP since 2017 as a retirement fund with his wife. But according to blockchain researchers including ZachXBT, attackers drained the crypto on October 12th […] The post US Crypto Investor Loses $3,000,000 in XRP in Devastating Hack appeared first on The Daily Hodl.

US Crypto Investor Loses $3,000,000 in XRP in Devastating Hack

An American crypto investor says he just lost his retirement savings after hackers stole $3 million in XRP.

Brandon LaRoque, a 54-year-old from North Carolina, says he had accumulated 1.2 million XRP since 2017 as a retirement fund with his wife.

But according to blockchain researchers including ZachXBT, attackers drained the crypto on October 12th after initiating two 10-XRP test transfers, sweeping the rest to a new address.

LaRoque says the loss has turned he and his wife’s financial future upside down.

“That was our whole retirement for my wife and I. And I don’t know what we’re going to do. I guess we’re going to go back to work.

Fortunately, I did diversify into some metals, which thank God I did. Nowhere near anything like what I had in crypto. Crypto was supposed to be the touchdown.”

Ellipal says the loss is not due to a hardware flaw, but happened after LaRoque imported his hardware wallet’s seed phrase online, creating a hot wallet vulnerable to online risks like malware and remote attack.

“Our hearts go out to Brandon during this difficult time. No one should ever have to experience such a loss.

After discussing the situation with Brandon and reviewing the available details, we understand that this was not a cold wallet hack, but a hot wallet theft — meaning the wallet involved was connected to the internet.”

The funds went through over 120 Ripple-to-Tron swaps via Bridgers, consolidating on Tron before dispersal on Huione, a Cambodian entity sanctioned by US authorities.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post US Crypto Investor Loses $3,000,000 in XRP in Devastating Hack appeared first on The Daily Hodl.

Market Opportunity
XRP Logo
XRP Price(XRP)
$1.852
$1.852$1.852
+0.12%
USD
XRP (XRP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”

Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”

Will the Fed’s first rate cut of 2025 fuel another leg higher for Bitcoin and equities, or does September’s history point to caution? First rate cut of 2025 set against a fragile backdrop The Federal Reserve is widely expected to…
Share
Crypto.news2025/09/18 00:27
Solana zakt onder 130 dollar terwijl whales verschuiven

Solana zakt onder 130 dollar terwijl whales verschuiven

De koers van Solana is onder de grens van 130 dollar gezakt. Tegelijkertijd verschuift de aandacht van een deel van de grote investeerders. Nieuwe meme coins in
Share
Coinstats2025/12/27 23:46