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Early Bitcoin Dev Explains Why Self-Custody Is Still Superior After $88 Million Coldcard Bug
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FOMOGRAM Editorial Desk
Aug 3, 2026
EXECUTIVE SUMMARY
Peter Todd emphasizes that the recent $88 million Coldcard bug does not mitigate the risks associated with centralized systems, advocating for self-custody as a safer option. His arguments highlight the ongoing debate about security in cryptocurrency management.
Peter Todd argues the $88 million Coldcard bug doesn't fix centralized risks, as QuadrigaCX exploit loss proves self-custody is still safer.
FOMOGRAM SENTINEL GRAVITY TELEMETRY
Peter Todd's insights on self-custody reinforce its importance in the face of centralized risks, potentially boosting confidence in Bitcoin as a secure asset.
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