The Last Trade E065: Navigating Custodial Risk with Rich Kerr

Rich Kerr, President of OnRamp Managed Wealth, joins Jesse Myers and the team to discuss the alarming rise in sophisticated Bitcoin theft attempts targeting holders with significant balances. The conversation is anchored by Jesse Myers' timely research piece 'Everyone's a Scammer Part 2,' which details how data breaches at major Bitcoin companies have put holder information on the dark web, enabling highly targeted social engineering attacks. Rich brings the wealth management perspective, sharing how he educates financial professionals about Bitcoin's unique security requirements and why standard custodial practices from traditional finance are insufficient for protecting self-sovereign digital assets. The episode serves as a critical reminder that at Bitcoin's current valuations, security complacency represents an existential threat to generational wealth.