Bitcoin 'Fort Knox' Hack Brings Back Middlemen

A recent hack of the 'Fort Knox' of Bitcoin wallets has sparked renewed interest in using third-party services to protect assets, despite their original intention of making intermediaries obsolete.

The incident highlights a growing trend where investors are turning to these services as a safeguard against risks associated with exchanges and other market participants.

'Not your keys, not your coins' was the mantra of Bitcoin's early adopters, emphasizing self-custody as a key aspect of cryptocurrency ownership. However, the recent hack has brought back the middleman, at least for some investors.