Nov 2022 - Ellipal Funds Removed jovanajovana - $23k (Global)
"Self-custody, full control of what yours Recommended by Forbes Trusted by users in over 140 countries Store over 10,000 coins and tokens"
"Air-gapped cold wallet is always 100% isolated from the internet. It is fully protected from unauthorized access, cyber hacks, malware, and any online threats."
"ELLIPAL was founded by two encryption technology experts, David and Thomas, in 2018. The company focuses on one-stop solutions for cryptocurrency security and blockchain service ecosystem. Headquartered in Hong Kong, ELLIPAL has warehouses in various parts of the world, such as Australia, Germany, the United States, and the United Kingdom to quickly meet the demands of fast growing customers."
"During a blockchain meeting in 2019,David proposed the concept of a cold wallet 2.0 and he named this new concept "air-gapped cold wallet". David applied this solution to ELLIPAL’s product: the ELLIPAL Titan Cold Wallet. The ELLIPAL Titan is the market leader of large screen air gapped cold wallet."
"We create the most secure cryptocurrency cold wallet and share a portable and fast cryptocurrency service system with all of mankind."
"Okay, I have received a new device (begin this week) and Friday our 19ETH has been stole. I have asked the Admin in this telegram group what is going on: https://t.me/EllipalOfficialSupport and the denied there is any security breach."
"Yes same here! It's gone! I have moved out the remains, but the most largely amounts have been stolen."
"In the telegram group, the deleted my messages about this. There is definitely something going on here!"
"Things are going weirder now. I have tried to come in touch with someone from Ellipal Support. But as soon as we are on a call they ask for my Private keys / Phase Prase. I have recorded this call. They give a suggestion for giving me my money back. I know how things are working so this rings some bells."
"Ellipal support makes clear this telegram group are scammers: https://t.me/EllipalOfficialSupport"
Further Analysis
Reddit user jovanajovana claims that their 19 ETH appear to have been taken from their Ellipal wallet. While they claim that the Ellipal device was somehow implicated in the breach, there is no evidence to support this assertion and it appears that they were interracting with a fraudulent support channel shortly after the breach. It is unclear whether the theft was reported to law enforcement or investigated in any way.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
BlockAura Ponzi Scheme > > < < CoinSquare Client Database Breach
Sources/Further Reading
jovanajovana comments on Just pulled up the Ellipal app and my balance is showing zero (Dec 31)
#Bitcoin #Ethereum, #Litecoin, #ADA How to link your #coldwallet account to ELLIPAL App? - YouTube (Dec 31)
jovanajovana comments on Just pulled up the Ellipal app and my balance is showing zero (Dec 31)
Just pulled up the Ellipal app and my balance is showing zero : ELLIPAL_Official (Dec 31)
#Bitcoin #ETH #crypto #hardwarewallet How to use ELLIPAL Titan to send and receive transactions? - YouTube (Dec 31)
ELLIPAL - YouTube (Dec 31)
LockCertain4138 comments on Scammed (Dec 31)
ELLIPAL Official Website | Leader of Air-gapped Crypto Hardware Wallet
(Dec 31)
ELLIPAL Company Information
(Dec 31)
Ethereum Price History and Historical Data (Dec 31)
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