Skip to main content
Hack Costs Retiree Over $3 Million in XRP
Security • Crypto • XRP

Hack Costs Retiree Over $3 Million in XRP

Published · ~4 min read
Hack costs retiree over $3 million in XRP
Security experts urge hardware wallets and better verification after large XRP thefts.

A retiree has reportedly lost more than $3 million worth of XRP after a wallet compromise, according to multiple security sources. The incident highlights the ongoing risks of phishing attacks, compromised devices, and insecure wallet management.

How the hack occurred

Early reports suggest that the attacker gained access to the victim’s wallet through a phishing website that mimicked a legitimate XRP management portal. Once credentials were compromised, the hacker initiated large transfers across multiple anonymous wallets.

Crypto theft remains on the rise

According to recent blockchain analytics data, cryptocurrency thefts have exceeded $2 billion globally in 2025 alone, with most attacks exploiting human error or weak security practices. XRP users have been urged to switch to offline storage and enable multiple authentication layers.

Expert recommendations

  • Always verify URLs before entering wallet details.
  • Use hardware wallets for large holdings.
  • Keep software and devices updated with the latest security patches.
  • Revoke old token approvals on DeFi platforms regularly.
  • Never share seed phrases, even with “support agents.”

Community reaction

The XRP community expressed sympathy for the victim while calling for better educational initiatives and wallet security features. Some exchanges have been notified to monitor suspicious activity related to the stolen funds.

Related Articles

Labels:

Comments

Post a Comment

Popular posts from this blog

Create a Payza Account in Minutes: Step-by-Step Guide (Availability May Vary) Create a Payza Account in Minutes: Step-by-Step Guide Follow these quick steps to create, verify, and secure your Payza e-wallet. Note: Service availability and features can change—verify on the official site first. Signing up takes a few minutes—verification and security settings keep your wallet safer. Key takeaways Fast signup: Create an account with a valid email, then confirm and complete your profile. Verify early: Prepare ID + proof of address to unlock higher limits and withdrawals. Secure it: Enable 2FA, set strong passwords, and review notification settings. Contents Create Your Account Complete KYC Verification Harden Security (Highly R...
48 comments
Read more
FTX/Alameda Wrapped Tokens on Solana Are No Longer Redeemable: What It Means for soBTC & soETH FTX/Alameda Wrapped Tokens on Solana Are No Longer Redeemable: What It Means for soBTC & soETH A quick, clear explainer on how wrapped-token redemption works, what changed after FTX/Alameda’s collapse, and practical steps to reduce risk. When backing fails, wrapped tokens can lose redemption and deviate from their peg. Key takeaways Wrapped tokens like soBTC and soETH relied on redemption backing tied to FTX/Alameda. After bankruptcy, redemption mechanisms ceased , causing price dislocations on Solana. Holders should evaluate liquidity, contract risk, and official notices before acting. Contents What Happened Wrapped ...
Post a Comment
Read more
Create a Paysera Account (Step-by-Step): IBAN, Card, Fees & Verification Create a Paysera Account (Step-by-Step): IBAN, Card, Fees & Verification Open your account, complete KYC, access your IBAN, order a card, and set strong security—everything you need to get started with Paysera. Create, verify, and secure your Paysera account to access IBAN transfers and card payments. Key takeaways Fast onboarding: Sign up, confirm email/phone, and complete KYC to unlock features. IBAN access: After verification, find your IBAN in the app/web and receive SEPA transfers (where supported). Card options: Order a physical/virtual card (availability varies by country); control limits and regions in-app. Contents 1) Create Your Account 2) Comp...
Post a Comment
Read more