Coldcard Wallet Breaches Drain Over $71M in BTC

CZ Binance has highlighted the risks of self-custody after a series of security breaches on Coldcard wallets, resulting in over $71 million in BTC being stolen. The incidents have left developers unable to patch old seeds or contact air-gapped holders.

The price action on Bitcoin's 4-hour chart shows a bearish structure, with the MACD death cross and RSI at 34.22 contributing to sustained downside pressure on self-custody risks.

CZ Binance emphasized that users are left exposed when relying on self-custody solutions, which can be vulnerable to security breaches.