Trident podcast host Jaime lost his entire XRP balance after his Ledger cold wallet was compromised. Jaime confirmed he never shared his 24-word recovery phrase or stored it digitally. Ledger urged users to monitor balances via blockchain explorers and check for unauthorized activity. The firm noted that most losses come from human error, not device flaws. This incident follows a 2023 breach of Ledger’s Connect Kit and a recent XRP security alert. As liquidity and crypto markets remain under scrutiny, users are reminded to stay vigilant against threats linked to Countering the Financing of Terrorism.

According to The Crypto Basic, Trident podcast host Jaime reported losing his entire XRP balance after his Ledger cold wallet was compromised. Jaime confirmed he never shared his 24-word recovery phrase, nor did he photograph or store it digitally. Ledger responded by advising users to verify balances through blockchain explorers and check for unauthorized transactions. The company emphasized that blockchain transactions are irreversible and recovery depends on identifying the attacker. Ledger also highlighted that most losses stem from human error rather than device flaws. This incident follows a 2023 breach involving Ledger’s Connect Kit tool and a separate security alert for XRP holders in November 2023.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.