Crypto Theft of $3M XRP traced to Huione Network after Ellipal Wallet Hack

A significant theft of $3 million in XRP has come to light, highlighting the dangers of wallet security. Investigations have linked the stolen funds to the Huione network via complex cross-chain transfers originating from an Ellipal wallet used by a US investor. This theft, exposed through a viral YouTube video, underscores the importance of understanding the distinction between hot and cold wallets.