$3 Million XRP Theft Scandal Revealed: This Impacts XRP Price! (10/20/25)

Updated

October 20, 2025

Gambar $3 Million XRP Theft Scandal Revealed: This Impacts XRP Price! (10/20/25)

Jakarta, Pintu News – The recent Ripple heist of American investor Brandon LaRoque has caught the public’s attention. According to an investigation conducted by ZachXBT, a blockchain expert, the stolen funds have been traced and found to have been laundered through OTC services associated with Huione Guarantee, a large black market in Southeast Asia.

Theft and Investigation Details

9/ Unfortunately the likelihood of this victim seeing any funds recovered is rather low due to a delay in reporting the theft to competent people within the private sector.

I recommend victims try to report theft addresses to people as soon as possible as otherwise it can be… pic.twitter.com/Ficcit611f
— ZachXBT (@zachxbt) October 19, 2025

Brandon LaRoque, who had been accumulating Ripple (XRP) for eight years, lost all of his 1.2 million tokens to a hacker attack. In a YouTube video that went semi-viral, LaRoque revealed that he was using an Ellipal wallet, which he thought was a cold wallet. However, it turned out that the device was connected to the internet, making it highly vulnerable to attacks.

Ellipal, the company that makes the wallet, has stated that they are doing everything possible to help the victim. They added that this massive theft occurred because a seed phrase was imported into the app. This shows the importance of a better understanding of the crypto security products offered in the market.

Also Read: 5 Reasons Why Avalanche (AVAX) Price Exploded in Q4 & is in the Crypto Whale Spotlight!

Money Laundering Process

ZachXBT reports that the stolen funds have been traced to a Tron address, where they were consolidated before being laundered through Huione Guarantee. Huione Guarantee is known as a marketplace that handles criminal proceeds from various illegal activities including fraud and human trafficking.

This money laundering process shows how sophisticated the criminal networks involved in crypto theft are. It also highlights the challenges faced in tracking and recovering stolen assets in the vast and often anonymous crypto ecosystem.

Possible Fund Recovery

According to ZachXBT, the chances of recovering lost funds are slim. Victims of crypto theft often have limited access to law enforcement in the United States, which leaves them to seek help from the private sector.

ZachXBT suggests that victims immediately contact competent experts in the private sector and avoid recovery companies that take advantage of the situation. This advice is important to prevent further losses and maximize the chances of asset recovery.

Conclusion

This case highlights the vulnerabilities that still exist in the crypto ecosystem and the importance of education and proper use of security tools. While the blockchain industry continues to grow, incidents like this are a reminder that security risks are still very real and require serious attention from all parties involved.

Also Read: ChatGPT Prediction: XRP, DOGE & PEPE could hit an all-time high by the end of 2025!

Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.