Bitcoin self-custody debate reignites after Coldcard hack
A suspected hack of Coldcard wallets has sparked a debate over the risks and benefits of Bitcoin self-custody.
The incident has led to a significant move in the Bitcoin price, with some arguing that it highlights the need for alternative solutions such as exchange-traded funds (ETFs).
Others have pushed back, saying that the incident is a failure of one wallet provider rather than a failure of self-custody itself.
The hack has also drawn comparisons to other recent incidents, including the $2.6M ADA theft linked to a wallet flaw.