CoinDesk·3 min read·hard
Binance founder CZ calls for wallet diversification after $70 million Coldcard exploit
O
Omkar Godbole
✦AI Summary
Binance founder Changpeng Zhao has advised crypto users to diversify their holdings across multiple wallets following a $70 million exploit of Coldcard hardware devices. The breach, caused by a firmware flaw, highlights the inherent risks of self-custody even with established hardware security solutions.
On Saturday, Binance founder Changpeng Zhao, known as CZ, asked crypto holders to split their funds across multiple wallets following a major security failure in popular Coldcard hardware devices.
cryptotechnology
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