🚨 Million-dollar loss in the crypto community 🚨 Over 1,000 BTC, equivalent to $70 million USD, were drained due to an exploit targeting Coldcard wallets. Joe Burnett of Strive called the week one of the worst in Bitcoin’s history. He recommends relying on institutional custodians like Fidelity and BitGo for large holdings. Self-custody has revealed severe vulnerabilities. The future of crypto security is at stake.
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