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3.05 Million XRP Theft Highlights Predatory Crypto Recovery Firms
A U.S. retiree lost $3.05 million in XRP after funds were drained from his Ellipal wallet, according to blockchain investigator ZachXBT. The theft involved over 120 cross-chain swaps used to launder the stolen assets. ZachXBT warned that more than 95% of crypto recovery firms exploit victims by charging high fees for ineffective services.