$3,000,000 XRP Stolen From Holder’s Cold Wallet — Here’s His Chilling Story

**Crypto Holder Loses $3 Million in XRP After Ellipal Cold Wallet Hacked Overnight**

Brandon, a crypto holder known for his presence on social media, has reported the loss of approximately $3 million worth of XRP after his Ellipal cold wallet was emptied overnight. This shocking incident, confirmed through multiple sources including Brandon’s own statements on X (formerly Twitter) and his YouTube channel, has sparked widespread concern within the crypto community over potential vulnerabilities in offline storage methods long considered secure.

### How the Theft Unfolded

According to posts from Brandon’s X account (@digitalassetbuy), more than 1.21 million XRP were transferred out of his cold wallet without authorization. The unauthorized transactions happened within minutes, starting with small “test” transfers before the attacker moved the entire balance.

Brandon discovered the missing funds the following morning and promptly reported the theft to the FBI, the Internet Crime Complaint Center (IC3), and his local sheriff’s department. He revealed that the stolen assets were his and his wife’s retirement savings.

Based on XRP’s trading range of approximately $2.50 to $3.00 at the time, the total loss of roughly 1.21 million XRP equates to just over $3 million.

Blockchain data reveals that after the initial withdrawals, the stolen XRP was transferred into a newly created wallet and subsequently dispersed across hundreds of smaller addresses. Analysts believe this fragmentation was a deliberate move to complicate tracing efforts.

### Wallet Details and Security Measures

Brandon had been storing his XRP in a cold wallet manufactured by Ellipal, a hardware device designed to keep private keys offline and secure. He emphasized that he never shared his recovery phrase and had purchased the device directly from Ellipal.

Interestingly, while the wallet also held smaller balances of other cryptocurrencies such as Stellar (XLM) and Flare (FLR), these remained untouched during the attack. Brandon stated, “I woke up and all my XRP’s have been stolen, been hacked.”

The theft pattern—initial small transactions followed by a complete sweep—indicates that the attacker had gained full access to the private keys or the signing mechanism of the wallet.

### Ongoing Investigation

Following the discovery of the theft, Brandon filed reports with multiple law enforcement agencies, including the FBI and local authorities. Although he has considered using private crypto recovery services, he expressed skepticism about their legitimacy, noting that many such services appear fraudulent.

Blockchain investigators continue to monitor the movements of the stolen XRP. While the XRP Ledger is public and allows for fund tracing, the extensive spreading of assets across numerous wallets poses significant challenges in determining their ultimate destination.

### Final Thoughts

The loss of over 1.21 million XRP from a private cold wallet serves as a sobering reminder that even advanced security measures are not infallible. As law enforcement agencies investigate and blockchain analysts track the stolen tokens, the crypto community is reminded that prevention remains the strongest defense against theft.

Stay vigilant and ensure all security practices are up to date to protect your digital assets.
https://zycrypto.com/3000000-xrp-stolen-from-holders-cold-wallet-heres-his-chilling-story/

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