Influencers with podcast income's cryptocurrencies disappear: Industry warns of Ledger cold wallet breach incident

A shocking security incident has been reported in the cryptocurrency industry. Jamie, the host of the Trident Podcast, lost all of his XRP holdings from Ledger’s cold wallet.

Jamie’s case highlights vulnerabilities in asset management, including assets earned from podcast income. Surprisingly, despite not sharing his 24-word recovery phrase with anyone and not storing it in a digital environment, this breach occurred.

In response to this security breach, Ledger recommends several precautionary measures for users. These include making a habit of checking balances via blockchain explorers, detecting unauthorized transactions, and regularly monitoring account balances.

According to Ledger’s announcement, most security incidents are attributed not to technical flaws in the devices themselves but to user operational errors. In other words, the design of cold wallet products is less critical than how they are stored and managed.

This incident suggests that operational risks associated with long-term storage of cryptocurrencies are higher than previously imagined. To protect assets earned from sources like podcast revenue, it is no longer sufficient to rely solely on wallet security settings; a multi-layered protection strategy is essential. Users must regularly review security measures and adapt to new threats promptly.