“Rookie mistake. On October 19, 2025, online detective ZachXBT uncovered a massive hack involving several million dollars in XRP. The victim, an American user, gained access to his Ellipal wallet, allowing hackers to steal his funds. Then these funds were quickly laundered, as we will see. Key points of this article: Blockchain Detective […]”, — write: businessua.com.ua
Rookie mistake. October 19, 2025 detective ZachXBT, operating on the network has disclosed a large-scale hack involving several millions of dollars in XRP . The victim, an American user, accessed his Ellipal wallet which allowed hackers seize his funds. Then these funds were quickly available washed away as we shall see.
Key points of this article:
- Blockchain Detective ZachXBT Uncovers Multi-Million XRP Hack Caused by Rookie Error Confused Hot and Cold wallets
- The stolen funds were laundered through more than 120 swaps on the Tron blockchain, making it difficult to recover them and highlighting the ongoing money laundering problems in the crypto sector.
Rookie mistake: This confusion between hot and cold wallets leads to the theft of 1.2 million XRP. Blockchain researcher ZachXBT who described in detail breaking X on October 19, noted that the victim appeared to be an inexperienced investor. The main mistake is the confusion between ” cold wallet ” (wallet with cold storage) and ” hot wallet » (wallet connected to the Internet).
The victim thought he was using Ellipal’s cold wallet solution, but by importing his own main phrase in the Ellipal app, it has turned it into a hot wallet, which is definitely a lot more vulnerable to online attacks hackers
The victim, a resident of the United States, was robbed 1.2 million XRP . At the time of the theft, these funds in the Ripple cryptocurrency were valued at 3.05 million US dollars .
X account @zachxbt
A life hack with a well-proven method of whitening with the help of Huione The stolen funds were transferred through more than 120 swaps from the XRP blockchain to the blockchain Tron (TRX) through Bridgers before they were distributed by OTC channels, related to Huione . This Cambodian financial platform in particular, the American authorities accuse of facilitating massive money laundering, related to fraud and cybercrime in Southeast Asia.
According to ZachXBT, chances of recovery are low . Reporting delays and jurisdictional hurdles make it difficult for authorities to respond. However, the investigator calls out centralized exchanges (CEX) and stablecoin issuers strengthen control to combat money laundering through over-the-counter operations.
This hack also highlights the necessity better user education regarding the difference between the types of wallets and the risks associated with them. Also, as ZachXBT points out, “there is there are few law enforcement agencies qualified to handle such cases “.
As Bitcoin continues to be adopted and the cryptocurrency market continues to grow, hacker attacks, unfortunately, remain a common phenomenon . Users should be especially vigilant especially when using hot wallets, which are more vulnerable to attacks. Hackers and fraudsters are ready to use any trick or manipulation to steal valuable cryptocurrencies.
Source: journalducoin.com
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