$70 Million Exploit Hits Coldcard Hardware Wallets

A recent $70 million exploit targeting Coldcard hardware wallets has sent shockwaves through the cryptocurrency community, leaving investors on edge.

In a swift response, Binance's co-founder Changpeng Zhao issued safety warnings to users, emphasizing that no crypto platform is completely secure.

CZ noted that even reputable hardware wallets and older crypto platforms can have bugs, making it essential for users to remain vigilant. He advised against keeping all holdings in a single wallet, instead suggesting spreading assets across multiple platforms to mitigate risks.