A U.S. user reportedly lost approximately $3.05 million, equivalent to 120 million XRP, due to a security breach involving the Ellipal hardware wallet. According to ZachXBT, the attacker initiated over 120 Ripple-to-Tron transactions via Bridgers (formerly SWFT) on October 12, consolidating the funds before laundering them by October 15. The stolen assets were funneled through channels linked to Huione, a Southeast Asian platform notorious for fraud and money laundering. U.S. regulators imposed further sanctions on Huione last week due to its involvement in multi-billion dollar illicit activities.