Wallet Security
XRP investor claims $3 million stolen from cold wallet
A 54-year-old retiree from North Carolina reported the theft of over 1.2 million XRP tokens, worth more than $3 million, from what he believed was a secure cold wallet. The incident, discovered on October 15, 2025, involved an Ellipal hardware wallet and was traced by on-chain analyst ZackXBT. Ellipal attributed the breach to user error in importing a seed phrase into a mobile app.