Kamilah StevensonCEO, Healthy And Better · Health & Wellness Coach | Degreed Counselor | Published Author | Helping People Achieve Holistic Wellness

He Lost $3 Million In XRP From A Cold Wallet

22 Jun 2026 · 1 min

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In this brief YouTube commentary, the speaker highlights a case where an individual lost $3 million worth of XRP from a cold wallet, using the incident to illustrate the extreme risk of relying solely on self‑custody. He recommends allocating at least a portion (e.g., 20%) of crypto holdings to an institutional account, noting that while such accounts can be liquidated, the principal remains safe and can be redeployed later. The speaker advocates for maintaining a small, closed‑loop institutional account as a safety net and concludes with a call‑to‑action, asking viewers to comment “Plan” to receive a free personalized crypto risk‑management plan.

Chapters

Lost $3 million worth of XRP. You know how many people lost their assets from a cold wallet? So that means if he lost $3 million worth of XRP, he had millions of XRP in that cold wallet. And imagine if he would have like even put 20% of that in an institutional account where nobody could ever hack you. The worst case scenario is you could be liquidated, but again, you don't lose the money and you got that money now. And if you want to rebuy back in, you can. Even if you chose to pull it out the institution and buy back in somewhere else, you still have that option. So I like having a closed loop account even if it's a minimum amount in there. Comment Plan, and I'll send you a free personalized plan.