--- title: "BREAKING NEWS: IRA Custodian Blunders Security of Cryptocurrency Assets" description: Learn why cold storage is the ironclad way to protect the cryptocurrency in your IRA in Preferred Trust Company's blog. image: https://blog.preferredtrustcompany.com/hubfs/Email%20+%20Blog%20+%20Ad%20Img/Hacked%20Digital%20Currency%201000x500.jpg --- [![Horizontal Logo-HighRes JPG cropped-2](https://blog.preferredtrustcompany.com/hs-fs/hubfs/Horizontal%20Logo-HighRes%20JPG%20cropped-2.jpg?width=234&height=66&name=Horizontal%20Logo-HighRes%20JPG%20cropped-2.jpg)](https://preferredtrustcompany.com/)   - Get Started - [Schedule Consultation](https://info.preferredtrustcompany.com/preferred-trust-company-consultation) - [Open an Account](https://preferredtrustcompany.com/self-directed-ira-applications/) - [About Preferred Trust](https://preferredtrustcompany.com/about-ira-custodian/) - [Client Testimonials](https://preferredtrustcompany.com/client-testimonials/) - SDIRA Resources - [Why Self-Direct?](https://preferredtrustcompany.com/why-self-directed-ira/) - 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[Investment Services](https://preferredtrustcompany.com/investment-services/) - Forms - [Forms](https://preferredtrustcompany.com/forms/) - [Fee Schedule](https://preferredtrustcompany.com/fee-schedule/) - [Pay Your Fees](https://preferredtrustcompany.com/shop/) - [Login](https://icp.infovisa.com/0234) # BREAKING NEWS: IRA Custodian Blunders Security of Cryptocurrency Assets June 14, 2022 [![Share on facebook](https://7528309.fs1.hubspotusercontent-na1.net/hub/7528309/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/facebook-color.png?width=24&name=facebook-color.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Fblog.preferredtrustcompany.com%2Fold%2Fbreaking-news-ira-custodian-blunders-security-of-cryptocurrency-assets%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on linkedin](https://7528302.fs1.hubspotusercontent-na1.net/hub/7528302/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/linkedin-color.png?width=24&name=linkedin-color.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fblog.preferredtrustcompany.com%2Fold%2Fbreaking-news-ira-custodian-blunders-security-of-cryptocurrency-assets%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on twitter](https://7528304.fs1.hubspotusercontent-na1.net/hub/7528304/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/twitter-color.png?width=24&name=twitter-color.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fblog.preferredtrustcompany.com%2Fold%2Fbreaking-news-ira-custodian-blunders-security-of-cryptocurrency-assets%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fblog.preferredtrustcompany.com%2Fold%2Fbreaking-news-ira-custodian-blunders-security-of-cryptocurrency-assets%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=) This article, “[IRA Financial Trust to Sue Gemini Over $36M crypto assets exploit back in February](https://cointelegraph.com/news/ira-financial-trust-to-sue-gemini-over-36m-crypto-assets-exploit-back-in-february)”, is one of the many buyer beware stories that highlights the current security and regulatory issues that the public is turning a blind eye to in the digital currency world. As a Self-Directed IRA account owner, your number one priority should be the security of your assets. The funds within your retirement accounts are supposed to fuel your savings through your retirement years. Safeguarding your retirement savings is YOUR sole responsibility. This is especially important for cryptocurrency investments and is the reason why Preferred Trust Company sets up all clients with cold storage for optimal security. You may be putting your savings at risk of theft by searching for the “cheapest” option when it comes to IRA custodians and foregoing cold storage for hot storage. The consequences could be insurmountable. Seriously consider this statement - When your digital currency assets are stolen, those cost savings just cost you everything. If this article does not raise concerns for the security of the digital currency assets held in your IRA, then you should take a look at this exclusive whitepaper, "[The Good, the Bad and the Ugly of Digital Currency Investing](https://blog.preferredtrustcompany.com/hubfs/Whitepapers/Good%20Bad%20Ugly%20Digital%20Currency%205.4.22.pdf)", written by CEO Carrie Cook. Ms. Cook reveals the reality of when there is a blatant disregard for the security of digital currency, the illusion of digital currency "insurance", the possible impact of potential government regulations/decisions, how to weed out the misleading IRA custodians, digital currency brokers, and trading platforms, and much more. If you are concerned about the security of the digital currency investments in your IRA, click the button below to learn more: [![CLICK HERE](https://no-cache.hubspot.com/cta/default/2566321/0d6090ef-8e9e-4411-b66a-30b2f693cb09.png)](https://cta-redirect.hubspot.com/cta/redirect/2566321/0d6090ef-8e9e-4411-b66a-30b2f693cb09) #### Main Navigation - GET STARTED - [Schedule A Consultation](https://info.preferredtrustcompany.com/preferred-trust-consultation) - [Open An Account](https://preferredtrustcompany.com/self-directed-ira-applications/) - [About Preferred Trust](https://preferredtrustcompany.com/about-ira-custodian/) - [Client Testimonials](https://preferredtrustcompany.com/client-testimonials/) - SDIRA RESOURCES - [Why Self-Direct?](https://preferredtrustcompany.com/why-self-directed-ira/) - [Inherited IRAs](https://preferredtrustcompany.com/inherited_iras) - [Prohibited Transactions](https://preferredtrustcompany.com/prohibited_transactions/) - [IRA LLC](https://preferredtrustcompany.com/checkbook-ira-llc/) - [Frequently Asked Questions](https://preferredtrustcompany.com/faqs) - [Retirement Industry Glossary](https://preferredtrustcompany.com/retirement-industry-glossary/) - [Blog](https://blog.preferredtrustcompany.com/blog) - INVESTMENT COMMUNITY - [Company Partnership](https://preferredtrustcompany.com/company-partnership/) - [Investment Resources](https://preferredtrustcompany.com/resources-new/) - [Investment Services](https://preferredtrustcompany.com/investment-services/) - FORMS & FEES - [Forms](https://preferredtrustcompany.com/forms/) - [Fee Schedule](https://preferredtrustcompany.com/fee-schedule/) - [Online Payments](https://preferredtrustcompany.com/shop/) - [Client Portal Login](https://icp.infovisa.com/0234) #### Privacy & Terms - [Privacy Policy](https://preferredtrustcompany.com/privacy-policy/) - [Terms & Conditions](https://preferredtrustcompany.com/terms-conditions/) ![Daco\_5279469 (1)](https://blog.preferredtrustcompany.com/hs-fs/hubfs/Daco_5279469%20(1).webp?width=92&height=64&name=Daco_5279469%20(1).webp) ![RITA-Logo-White](https://blog.preferredtrustcompany.com/hs-fs/hubfs/RITA-Logo-White.webp?width=94&height=30&name=RITA-Logo-White.webp)     ©2023 Preferred Trust, LLC. 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