Coldcard Wallet Bug Leads to $38M Bitcoin Theft, Raises Self-Custody Concerns

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A software vulnerability in the widely used Coldcard hardware wallet has resulted in the theft of nearly 600 bitcoin, valued at approximately $38 million. The exploit has raised serious questions about the security of self-custody solutions for everyday cryptocurrency investors. Critics are now debating whether managing private keys independently has become too complex and risky for the average user. The incident is reportedly pushing some investors to consider regulated alternatives such as Bitcoin ETFs instead.

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