Former Ripple CTO Reveals Bitcoin Cold Storage Plan After $89 Million Wallet Hack
Summary Former Ripple CTO David Schwartz proposed splitting wallet access among relatives and friends to strengthen Bitcoin security and inheritance planning. Coldcard firmware flaw exposed predictable recovery seed phrases, enabling attackers to steal 1,367 BTC across 4,500 wallets worth roughly $89 million. Schwartz’s custody framework separates hardware devices from PIN knowledge, reducing single points of […]
Summary Former Ripple CTO David Schwartz proposed splitting wallet access among relatives and friends to strengthen Bitcoin security and inheritance planning. Coldcard firmware flaw exposed predictable recovery seed phrases, enabling attackers to steal 1,367 BTC across 4,500 wallets worth roughly $89 million. Schwartz’s custody framework separates hardware devices from PIN knowledge, reducing single points of […]
FOMOGRAM SENTINEL GRAVITY TELEMETRY
David Schwartz's cold storage strategy highlights security concerns in Bitcoin custody, but does not directly influence market sentiment.
Explore all verified news, research, and global sources for CRYPTO.