TLDR
- A resident reported $3 million XRP missing from a wallet.
- Ripple and Ellipal have not commented on the incident.
- Other cryptocurrencies remain unaffected by this theft.
A North Carolina resident reported an unexpected disappearance of $3 million worth of XRP from his Ellipal cold wallet. This report was initially noted by Coinlive and MarketBeat. However, the individual’s identity and any official role within the cryptocurrency industry remain unconfirmed as official channels, including LinkedIn and Twitter, show no corresponding statements.
Prominent companies involved, Ripple and Ellipal, have not released official comments on this theft through their Twitter accounts, blogs, or press releases. MarketBeat indicates no mention of the incident on Ripple’s official Twitter feed. Similarly, Ellipal’s accounts remain without comment.
Absence of Financial and Regulatory Responses
No statements regarding financial support or insurance have been issued by Ripple or venture capital entities related to this incidence. As of the current date, there’s no advisory from government agencies such as the SEC or CFTC regarding the theft.
Moreover, data from institutional portals like SEC fail to suggest any accountability or regulatory directions concerning this event. The lack of institutional reaction raises further questions about the security of cold wallets, especially those not backed by insurance.
Limited Impact on Broader Cryptocurrency Markets
The theft primarily targets XRP. Detailed analyses reveal that other cryptocurrencies like ETH or BTC remain unaffected. Current cryptocurrency data shows no major disruptions or liquidity changes for XRP on global platforms, as noted by different analytics firms.
Additionally, there are no on-chain alerts indicating significant liquidity shifts or Total Value Locked (TVL) changes related to Ripple (XRP) contracts, maintaining a stable view of market reactions to this isolated incident.
Cautious Community Observations Amid Returning Concerns
The XRP user community and developers have yet to release verified statements on platforms like the XRP subreddit. Current discussions express concern but lack formal direction from Ripple’s security team.
Additionally, Twitter and Discord channels continue to show apprehensive responses. Official developer accounts, however, haven’t posted any technical analysis or guidance on how to address or prevent similar future breaches.
No Confirmed Statements from Major Figures
No reactions have been recorded from influential figures in the cryptocurrency industry regarding this incident. Prominent personalities such as Arthur Hayes and CZ have not posted on their verified Twitter accounts.
Attempts to find comments from well-known crypto leaders on social media regarding the Ellipal incident were fruitless. At present, no noteworthy individuals have referenced this theft in any speeches or public engagements.
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