$10 000 USD

DECEMBER 2022

GLOBAL

ELLIPAL

DESCRIPTION OF EVENTS

"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."

 

"Yes. I’m sick of writing it. Look you all are going to learn when your accounts are stolen. Also i just sent a 100 Vechain of a a 473000 Vechain cold wallet account as a test run to a hot wallet. I only sent 100 the hot wallet i created on my ipad gave me a QR code and the 100 Vechain went to a totall;y different address that I’ve never seen. Not only that , about 3 minutes later the whole wallet besides about 4 dollars australian in Vechain was emptied to that same address without me touching a device. About 10000 dollars stolen. Once again I’ve been screwed by this ELLIPAL"

 

"I’m looking for people to make a collective demand to ELLIPAL because they leaked our private information to a third party people/scammers to take over our assets. Is not about the money they stole is about transparency this company never let us know that they leaked information fro Our wallets. Just a big collective demand will work again this shitty Hong Kong company."

 

"Sorry, but this is a b.s. claim and won't hold any grounds.

 

There is absolutely no way Ellipal, or anyone actually, is able to get the seedphrase or private key from the device. That's the whole point of an air-gapped device like this. The seed/private key stays completely isolated from the internet.

 

However, IF the seedphrase or private keys do end up somewhere on your phone or computer, it's because the user didn't use it properly the way it has been designed because the only piece of info on your phone or computer is the public key, which is just your wallet address. Nothing can be done with it except viewing the assets associated with it."

 

Explore This Case Further On Our Wiki

Reddit user LockCertain4138 claims that their funds worth $10k US 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. It is unclear whether the theft was reported to law enforcement or investigated in any way.

Sources And Further Reading

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