CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: 'Nothing Is 100%'
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CZ is warning Bitcoin holders after a $70 million wallet exploit, nearly double the initial estimate, as Galaxy Research puts the toll from the Coldcard exploit. He advises spreading funds across multiple wallets, citing 'nothing is 100% secure'. This warning highlights the ongoing vulnerability of cryptocurrency storage solutions, underscoring the need for caution and diversification among investors.
The Binance founder urged holders to spread funds across multiple wallets as Galaxy Research put the toll from the Coldcard exploit at roughly $70 million—nearly double the initial estimate.