SECURITYBITCOIN MAGAZINE
Self Custody Is Dead. Long Live Self Custody
A hack on Coldcard hardware wallets exploited flawed entropy generation in key creation, leading to the theft of over 1,300 bitcoins and prompting users to move funds to custodial exchanges. The incident challenges assumptions about self-custody security while emphasizing the need to preserve Bitcoin's decentralized principles.
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- Self custody is a full time job.
- Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
- Self-custody did not kill private banking. It exposed why it was useful.
- Morning Minute: The Coldcard Bitcoin Hack Nears $114 Million in Potential Losses
- Bitcoin Self-Custody Framed as Civil Liberty at Bitcoin 2026 Conference