North Carolina Crypto User Reports Theft of Over 1.2 Million XRP

According to Foresight News, a cryptocurrency user from North Carolina, Brandon LaRoque, has reported a significant theft involving his ELLIPAL cold wallet. LaRoque revealed in a video that over 1.2 million XRP, valued at approximately $3 million, were stolen from his wallet. The hacker initially transferred 10 XRP as a test before moving approximately 1.29 million XRP within two minutes. The stolen funds were first sent to a new wallet and then dispersed into about 30 different wallets, each receiving between 38,000 to 40,000 XRP. Subsequently, the funds were further distributed in a money-laundering style to between 500 and 900 wallets. LaRoque has reported the incident to the authorities, seeking assistance in recovering the stolen cryptocurrency.