US Crypto User Loses $3 Million to Hacker

Key notes

• ZachXBT shared that a US cryptocurrency user fell victim to a scam that left his wallet with a $3 million hole.
• The hacker transferred the money across bridges and laundered it at Huione’s neighboring OTC venues.
• Cryptocurrency scams are on the rise, as the US government and authorities come up with models for suppression.

Another cryptocurrency hacker is on the rampage and has now stolen $3 million in digital assets from a US citizen.

According to Onchain investigator ZachXBT, the bad actor exchanged the looted funds via Bridgers and went so far as to use over-the-counter (OTC) venues linked to Huione to launder the assets.

This also confirms the prevalence of hackers and cybercriminals in the cryptocurrency space.

Crypto Hacker Uses OTCs Linked to Huione to Launder Money

A video recently surfaced on YouTube showing an American cryptocurrency user who claimed to have lost 1.2 million XRP

XRP
$2.48



24-hour fluctuations:
3.2%


Market value:
$148.43 billion



Vol. 24 hours:
$3.41 billion

from his Ellipal portfolio.

Based on the current coin price of $2.46, the value of the stolen stash is estimated at $2.95 million, but was worth about $3.05 million at the time of the incident.

In the victim’s words: “This was our complete retirement for me and my wife.”

1/ A video went viral on YouTube this week after a US-based victim lost $3.05 million (1.2 million XRP) from his Ellipal wallet.

Here’s tracking where the stolen money ended up and the biggest takeaways from similar thefts. pic.twitter.com/Gyw0OWjts4

– ZackXPT (@ZackXPT) October 19, 2025

ZachXBT successfully identified the hacker’s address and confirmed that the stolen funds had passed through bridges and were eventually laundered to Huione’s neighboring OTC venues. To prove this claim, the investigator assigned more than 120 Ripples to Tron

TRX
$0.32



24-hour fluctuations:
0.9%


Market value:
$30.55 billion



Vol. 24 hours:
$611.38 million

Barter across bridges on October 12. According to the findings, the funds were not consolidated in Tron before being distributed to OTC centers linked to Huione until October 15.

Last year, Cambodia-based Huione and its associated multibillion-dollar market surfaced in conversations regarding cryptocurrency hacks and money laundering.

Most of their operations are located in Southeast Asia. Around July 2024, Elliptic slammed Huione’s guarantee with some serious allegations of money laundering.

Although the platform may not generally be involved in illegal activities, Elliptic noted that Huione Assurance has somehow turned into a hub for criminal activities.

It came as no surprise when authorities in Cambodia issued a directive to block 102 websites in the region by December of the same year.

A Chinese businessman is accused of $14 billion fraud

Globally, authorities and cryptocurrency issuers are responding to the growing demand for greater security for cryptocurrency users.

A week ago, the United States filed a civil forfeiture complaint seeking the confiscation of 127,271 bitcoins.

Bitcoin
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24-hour fluctuations:
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$2.22 T



Vol. 24 hours:
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Linked to Chinese businessman Chen Qi.

The assets are currently worth around $14 billion, and the flagship cryptocurrency is trading at $110,829.78.

US authorities allege that Chen organized one of the world’s largest pig slaughter and investment fraud operations.

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