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$3M In Stolen XRP Tracked — But Victim May Never See It Again: Investigator

NewsBTC•Monday, October 20, 2025 at 11:30:09 AM
NegativeCryptocurrency
$3M In Stolen XRP Tracked — But Victim May Never See It Again: Investigator
A US investor has reported losing $3 million in XRP after hackers drained his wallet, and blockchain analysis indicates that the stolen funds quickly moved through obscure over-the-counter networks associated with Southeast Asia. This incident highlights the vulnerabilities in cryptocurrency security and raises concerns about the effectiveness of tracking stolen digital assets, as the investigator ZachXBT notes that the coins were funneled through a single Tron address before being laundered via illicit marketplaces. Such events not only impact individual investors but also shake confidence in the broader cryptocurrency market.
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