BREAKING 🚨
A recent Coldcard hack has sparked a major security overhaul in the self-custody space.
The hack exposed a five-year-old firmware flaw, prompting a swift response from the industry. This response is accelerating the adoption of collaborative multisig security, a measure that enhances wallet protection. I've seen reports of companies already working on implementing this new security standard. The goal is to prevent similar attacks in the future and protect users' funds.
The latest developments will likely lead to increased security for self-custody solutions, and I expect this to have a positive impact on the industry as a whole 🚀💻.
$HEI, $HFT, $HEI
A recent Coldcard hack has sparked a major security overhaul in the self-custody space.
The hack exposed a five-year-old firmware flaw, prompting a swift response from the industry. This response is accelerating the adoption of collaborative multisig security, a measure that enhances wallet protection. I've seen reports of companies already working on implementing this new security standard. The goal is to prevent similar attacks in the future and protect users' funds.
The latest developments will likely lead to increased security for self-custody solutions, and I expect this to have a positive impact on the industry as a whole 🚀💻.
$HEI, $HFT, $HEI