A $3M XRP Mistake: Hot Wallets, Cold Wallets, & How to Keep Your Crypto Safe | Ep 391
Description
Goodnow revolutionaries–
Evan, Alex, and Will are back after a long weekend and jump straight into your questions about wallet safety and the latest headlines shaking up crypto.
We start with a macro overview, including the continuing government shutdown, before diving into a listener question about Ellipal wallets—what’s the difference between hot and cold storage, and when does a cold wallet actually become hot? That leads us to the breaking story of Brandon LaRoque, a North Carolina man who lost $3 million in XRP after accidentally making his Ellipal cold wallet hot—an expensive lesson in crypto security.
We break down how to protect your assets, explore smart wallets and decentralized alternatives, and how to find DeFi yield opportunities on DeFiLlama.
PLUS:
- The Fed’s new digital asset summit
- California’s groundbreaking legal change allowing the state to buy and custody Bitcoin
- FIFA’s tokenized ticket fiasco
- A “DeFi drive-thru” full of practical tools to help you move beyond centralized storage.
Want to learn how to protect your crypto and earn yield safely? Join the conversation in our community at community.rumshq.com
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🔗 LINKS
- Brandon LaRocque’s crypto loss & ZachXBT’s investigation: x.com/i/trending/1979623231767064613 | youtube.com/@brandonlaroque4760 | x.com/zachxbt/status/1979899767212699910
- The Fed’s Digital Asset Summit: x.com/Cointelegraph/status/1980212620972949947
- California’s new Bitcoin custody law: x.com/Dennis_Porter_/status/1978953448625443285
- OpenSea confirms token launch: x.com/dfinzer/status/1979200646763929835
- Airport POAP Rally: x.com/poapxyz/status/1979248154152148998
- Find DeFi yields: defillama.com
- Evan’s TikTok tutorial: tiktok.com/t/ZTMmBSbQ2
- DeFi platforms we’re using: use.deficarrot.com | app.turtle.xy
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