XRP Investor Says $3M of Tokens Were Stolen From Cold Wallet | CoinDesk Daily

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4.7 • 698 Ratings

🗓️ 20 October 2025

⏱️ 4 minutes

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Summary

An investor said they lost $3M of XRP from a cold wallet. A long-time XRP investor claimed to have lost $3 million worth of tokens from cold wallet maker Ellipal’s mobile app. Will they be able to recover the funds and can cold wallets still be trusted? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠https://midnight.network/break-free⁠⁠ - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠⁠https://hubs.ly/Q03KGbRK0⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠https://www.owlting.com/portal/?lang=en&utm_source=CoinDesk&utm_medium=cpc&utm_campaign=CoinDesk_Banner⁠⁠. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0	A U.S. investor claims $3 million worth of XRP vanished from his wallet and strategy buys more Bitcoin.
0:06.7	You're watching Coin Desk Daily. I'm your host, Jen Sanassi.
0:15.3	A U.S. investor is claiming that more than $3 million in XRP vanished from his Ellie Pal wallet, sparking an
0:21.5	on-chain investigation by a pseudonymous analyst, Zach XPT. The user who identified himself as
0:27.3	Brandon revealed in a YouTube video that he found out about the loss on October 15th and on-chain
0:32.7	data shows the theft actually occurred on October 12th. Ellie Pal told him that if you type a hardware wallet seed into the Elipal app, the private keys
0:40.7	are saved on your phone or tablet, turning it into a hot wallet.
0:44.3	He says his iPhone app showed a blue cold view, while his iPad showed an orange hot view per
0:50.8	Ellie Pal's color cues.
0:52.4	Zach XBT traced October 12th swaps via a bridge to Tron and then to
0:56.5	OTC venues. Utility or privacy. The transparency of traditional blockchains forces a difficult
1:02.3	choice. Break free from this limitation with midnight. Just like the internet made information global,
1:07.6	stable coins are making money global and bridge, a stripe company is powering that shift. Looking for a faster, cheaper coins are making money global. And Bridge, a stripe company,
1:11.0	is powering that shift. Looking for a faster, cheaper way to move money worldwide,
1:15.8	Owl Ting, listed on the NASDAQ as Owls, is building the rails for stable coin payments.
1:20.7	Strategy purchased an additional 168 Bitcoin at an average price of $112,051, bringing total
1:27.2	holdings to $640,418 Bitcoin. The company financed
1:31.7	the acquisition by raising $18.8 million through the issuance of various perpetual preferred
1:36.4	shares and common stock. MSTR shares rose 2% at market open, trading just below $300 a share.
1:42.9	The stock remains negative on a year-to-date basis
1:45.6	compared to Bitcoin's 19% gain. As of this morning, Bitcoin is trading above $110,000.
1:51.2	And Japan's Financial Services Agency is considering a reform to let banks hold and trade
	...

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