Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
CoinDesk·
60-second summary
A software bug in the Coldcard hardware wallet has led to the theft of nearly 600 bitcoin, worth approximately $38 million, raising concerns about security and the risks of self-custody. This exploit may push investors towards safer alternatives, such as cryptocurrency ETFs, as they reassess the security implications of managing private keys.
A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions about security and whether managing private keys has become too risky for everyday investors.