According to Wu, a U.S. user lost approximately $3.05 million (about 1.2 million XRP) this week due to theft involving the Ellipal hardware wallet, as reported by ZachXBT. The tracking shows that the attacker initiated over 120 Ripple to Tron transfers through Bridgers (formerly SWFT) on October 12, consolidating the funds into an address, which were then completely washed out by October 15, flowing into over-the-counter channels associated with the illegal trading platform Huione in Southeast Asia. Huione has been involved in billions of dollars in fraud and money laundering activities in recent years, and U.S. regulators imposed further sanctions against it last week.