Crypto
Coldcard hack renews debate over self-custody
A hack tied to a firmware flaw in Coldcard hardware wallets led to the theft of $88 million worth of bitcoin, rekindling a trust crisis across the crypto industry, U.Today reported on Aug. 3. Skeptics including Bruce Fenton called it a failure of self-custody. Early bitcoin developer Peter Todd countered that hardware wallet flaws are minor compared with systemic risks at centralized platforms, citing larger losses from exchange failures and arguing third-party key custody is the core risk.
