US Investor Loses $3M in XRP to Hack Linked to Huione Guarantee OTC Networks

A US investor lost $3 million in XRP after hackers drained his wallet, with funds quickly moved through over-the-counter (OTC) networks tied to Southeast Asia. Blockchain investigator ZachXBT traced the stolen assets to services linked to the illicit platform Huione Guarantee. Recovery of the funds is considered unlikely due to the nature of these opaque networks. The victim had followed standard security practices but fell victim to seed phrase compromise.