Another case of Cold Wallet theft. Someone stored 1.2 million XRP (approximately 3 million USD) in a hardware wallet, only to have it evaporate overnight. It wasn't an exchange hack, it wasn't a phone virus, it was an Offline Wallet that was emptied - this situation is indeed extreme.

Tracking expert ZachXBT found the flow of funds through on-chain data, but pointed out a problem: No matter how secure the technical equipment is, it can't save you from improper operations. How are the private keys stored? Are the mnemonics casually written on paper? Is the hardware wallet purchased genuine? Has the key ever been exported on an infected computer? Every step is a deadly loophole.

The most heartbreaking truth in the crypto world: You are not using a bank; you are the bank. There is no customer service to help you recover, and no insurance for full compensation. Profits are yours, but losses must also be borne by you. 3 million could be years of savings, and just like that, it has disappeared without a trace.

So stop believing that a Cold Wallet is absolutely safe. True security lies in whether that string of yours is tightened. The private key is a matter of life and death; if you lose your mnemonic phrase, it will be irretrievable. Your Wallet, think about it three times now, is it really safe?