A Message to Our Community: Standing with Brandon LaRoque & Wallet Safety Awareness We were saddened to learn that our U.S. user, @Blaroque , recently lost approximately $3 million worth of XRP — about 1.2 million XRP tokens in a hot wallet theft incident. Our hearts go out to
@ellipalwallet @Blaroque Please explain how you stand with him? A cold wallet should never give the option for a hot wallet to the user...that's a plan for an upcoming Desaster like that actually one!!
@andreas_europe @Blaroque We completely understand your concern. 🙏 In this case, the loss happened because the user imported their cold wallet seed phrase into a hot wallet, which exposed it to the internet. ELLIPAL cold wallets are fully offline and never connect to any network, keeping your assets
@ellipalwallet @Blaroque It's a little bit easy said...you irritated the user with your hot wallet....