XRP Completely Disappears, Security Breach Again ~ Ledger Users Face Unexpected Threats

Ledger’s cold wallet, trusted as a storage tool for cryptocurrencies, has experienced a security breach. However, the host of the Trident Podcast, Jamie, personally encountered the vulnerability. All of his XRP holdings suddenly disappeared.

What happened? – Damage can occur even without sharing the 24-word phrase

Surprisingly, Jamie did not share his 24-word recovery phrase with anyone, nor did he store it digitally. Despite this, his Ledger device was compromised. His XRP balance was completely stolen.

This situation is unimaginable under traditional security assumptions. Without external sharing of the recovery phrase, assets should have been protected. This incident highlights how serious device-level threats can be.

Ledger’s response and safety recommendations

In response, Ledger strongly recommends users regularly monitor their balances using blockchain explorers. Early detection of suspicious activity can prevent further damage.

At the same time, Ledger issued a statement. They claim that most security breaches are not due to technical flaws in the device itself but are caused by human error on the user’s part.

Repeated security issues – a warning to the entire industry

This incident is not isolated. Issues such as the 2023 Ledger Connect Kit breach and recent security warnings related to XRP continue to affect platforms.

The fact that there is now a call for increased monitoring via blockchain explorers indicates that the trust in cold wallet solutions is wavering. As a result, more users may be prompted to reconsider their security strategies, including how they store their cryptocurrencies.