Edoardo Farina, CEO of Alpha Lions Academy and a well-known supporter of XRP, recently issued a strong warning to the cryptocurrency community. In a post on X, Farina advised XRP holders to move their assets to cold wallets, emphasizing the potential risks of keeping digital assets on exchanges during market volatility. “Not financial advice,” he wrote, “but withdraw your $XRP to a cold wallet.” Farina’s cautionary message stems from concerns about the possible collapse of Tether (USDT), which he suggests could lead to a widespread market crash. He noted that if Tether were to fail, it could severely damage Bitcoin (BTC) and force exchanges to freeze withdrawals. Farina said this may hinder investors from withdrawing their funds at a critical time. The advice to use cold wallets reflects a growing unease among some sectors of the cryptocurrency community about centralized exchange security during extreme market events. Not financial advice, but withdraw your $XRP to a cold wallet. When Tether collapses and the market crashes, tearing BTC apart, exchanges may freeze withdrawals. Banks and Governments already secured their XRP locked in escrow. — EDO FARINA 🅧 XRP (@edward_farina) April 27, 2025 The Push for Decentralized XRP Storage In the same message, Farina pointed out that banks and governments have already secured their XRP holdings, which are locked in escrow. This detail highlights the belief among some XRP proponents that institutional actors are better positioned to endure market upheaval. The implication is that retail investors who fail to move their XRP into cold storage could be left vulnerable during major financial disruptions. While centralized exchanges have some advantages , they have full control of the assets of all holders, and these investors can lose access to their funds if anything happens to the exchange. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 In late 2024, a crypto investor called out Coinbase for restricting his account, and the replies were filled with horror stories from other investors about losing funds to centralized exchanges. While Coinbase’s CEO assured the investor that he would look into the matter, many other investors have lost their assets and failed to get the proper attention. Farina once said, “If you don’t have your keys, that crypto is not yours .” In highly volatile or crisis conditions, exchanges may halt withdrawals to preserve liquidity or comply with regulatory directives. This risk is heightened during major negative events like the collapse of USDT, the largest stablecoin in the market. For XRP holders, particularly those storing significant amounts on exchanges, the advice to secure their holdings in private, offline wallets could be a decisive factor in safeguarding their assets. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Expert Says Withdraw Your XRP to Cold Wallet. Here’s Why appeared first on Times Tabloid .
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