Binance founder CZ calls for wallet diversification after $70 million Coldcard exploit
CoinDesk·
60-second summary
Binance founder CZ emphasizes the importance of wallet diversification after a $70 million Coldcard exploit. He warns that even hardware wallets can have bugs, highlighting the need to spread funds across multiple wallets. This advice underscores the growing awareness of security risks in the crypto space, where users must adapt to mitigate potential losses.
Binance founder Changpeng Zhao says hardware wallets can still have bugs and suggests spreading funds across multiple wallets after the major Coldcard security failure.