CoinDesk·3 min read·medium
Coldcard hack sparks a self-custody security overhaul: Cory Klippsten
J
James Van Straten
✦AI Summary
A firmware vulnerability in Coldcard hardware wallets led to the theft of over $100 million in Bitcoin, prompting a security overhaul in the self-custody sector. Despite the breach, industry leaders report that users are shifting toward more secure multisig solutions rather than abandoning self-custody entirely.
"It was a brutal weekend for so many who lost bitcoin," the CEO of Swan said in an interview. "I was sending messages at 4 a.m. to help someone on Pacific Time get their coins to safety."
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