Watch Out: A Cryptocurrency Wallet is Ceasing Operations, Funds Must Be Withdrawn – Previously Made Headlines with XRP

Cryptocurrency wallet manufacturer Ellipal announced that it will discontinue its hot wallet services and focus entirely on cold wallet ￰0￱ decision comes after the recent alleged XRP ￰1￱ stated in a statement that it will focus solely on cold wallet innovation and services to maximize user ￰2￱ company maintains that cold wallet technology is a key priority for crypto security and announced that it will discontinue all hot wallet services as of October ￰3￱ has advised its current hot wallet users to move their assets to a new wallet ￰4￱ company also stated that it expects users to understand any potential disruptions during the transition and that support will continue to be actively ￰5￱ News: Bitcoin (BTC) Shows Price Volatility Again - Here's Why It's Surging Ellipal was in the news last week after a US-based user allegedly stole $3.05 million worth of ￰6￱ researcher ZachXBT

in a detailed analysis of the incident revealed that the attacker performed more than 120 Ripple-Tron conversions through the Bridgers exchange on October 12 2025 and consolidated the funds on the Tron ￰7￱ to ZachXBT's findings

as of October 15th all stolen funds were laundered through OTC desks linked to a Southeast Asian money laundering network called ￰8￱ network was also found to be connected to a crypto ecosystem listed under US sanctions. *This is not investment ￰9￱ Reading: Watch Out: A Cryptocurrency Wallet is Ceasing Operations Funds Must Be Withdrawn – Previously Made Headlines with XRP