CZ: Even a hardware wallet may have vulnerabilities; there is no 100% security

BTC0%

BlockBeats News, August 1st, Binance founder CZ posted on social media regarding the "Coldcard Wallet Suspected Vulnerability Resulting in Over $38 million Bitcoin Theft" incident, stating, "Even hardware wallets may have vulnerabilities. Even wallets with a long history may have vulnerabilities. To reduce risk, perhaps funds can be diversified across several wallets? But this will bring another set of risks. There is nothing that is 100% secure."

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Related NewsView all

Analyst: Bitcoin Forced Selling 'Fuel' Exhausted, Watch for ETF Fund Inflow Signal

Analysis: Bitcoin's current on-chain concentration is similar to the eve of the FTX rug pull, or the final dip of the bear market

Bitcoin ETF July Net Inflow of $172.8 million

Hot

Coins
Price
24H Change