Hardware Wallets
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Binance Founder Warns on Hardware Wallet Security Following $70 Million Coldcard Exploit
Binance founder Changpeng Zhao warned cryptocurrency holders about hardware wallet vulnerabilities after a $70.2 million Bitcoin exploit on Coldcard devices. The flaw, stemming from a March 2021 firmware error, allowed private keys to be more easily guessed. Zhao advised diversifying funds across multiple wallets, while Coinkite released hotfixes and urged users to migrate seeds.
2026-08-04