Binance Founder Warns No Hardware Wallet Is ‘100% Safe’ After $70M Coldcard Hack
BitcoinWorld Binance Founder Warns No Hardware Wallet Is ‘100% Safe’ After $70M Coldcard Hack Changpeng Zhao, the co-founder and former CEO of Binance, has cautioned that no security measure is infallible, following a reported $70 million exploit involving a Coldcard hardware wallet. Speaking in connection with the incident, Zhao emphasized that even hardware wallets—often considered the gold standard for crypto asset storage—can contain bugs or vulnerabilities. Understanding the Coldcard […] This post Binance Founder Warns No Hardware Wallet Is ‘100% Safe’ After $70M Coldcard Hack first appeared on BitcoinWorld.
BitcoinWorld Binance Founder Warns No Hardware Wallet Is ‘100% Safe’ After $70M Coldcard Hack Changpeng Zhao, the co-founder and former CEO of Binance, has cautioned that no security measure is infallible, following a reported $70 million exploit involving a Coldcard hardware wallet. Speaking in connection with the incident, Zhao emphasized that even hardware wallets—often considered the gold standard for crypto asset storage—can contain bugs or vulnerabilities. Understanding the Coldcard […] This post Binance Founder Warns No Hardware Wallet Is ‘100% Safe’ After $70M Coldcard Hack first appeared on BitcoinWorld.
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Concerns about hardware wallet security may impact user sentiment but do not directly affect specific cryptocurrencies.
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