This BTCPay update is worth merchants’ attention.
According to a roundup by whycoinmoves, on November 2, BTCPay advised merchants to shut down their servers after reports that a hot wallet had been emptied. BTCPay is an open-source tool many merchants use to self-host $BTC payment processing. If something goes wrong on the server side, the risk falls directly on the merchant.
Security concerns have clearly intensified this week, with the $6.3 billion Binance incident and roughly $40 million stolen from Mercado Bitcoin. My take: self-custody doesn’t mean absolute security. Keep only the small amounts needed for operations in hot wallets, move the rest to cold storage, and regularly review patches and key management.
Details are still emerging. Refer to the official announcement for the specific scope of the impact.
#加密安全 #BTCPay
For informational purposes only; this is not investment advice.
According to a roundup by whycoinmoves, on November 2, BTCPay advised merchants to shut down their servers after reports that a hot wallet had been emptied. BTCPay is an open-source tool many merchants use to self-host $BTC payment processing. If something goes wrong on the server side, the risk falls directly on the merchant.
Security concerns have clearly intensified this week, with the $6.3 billion Binance incident and roughly $40 million stolen from Mercado Bitcoin. My take: self-custody doesn’t mean absolute security. Keep only the small amounts needed for operations in hot wallets, move the rest to cold storage, and regularly review patches and key management.
Details are still emerging. Refer to the official announcement for the specific scope of the impact.
#加密安全 #BTCPay
For informational purposes only; this is not investment advice.