Crypto Community Reels as $70 Million Coldcard Exploit Raises Red Flags

A recent exploit of Coldcard's hardware wallet has left up to $70 million in Bitcoin missing, causing widespread panic among crypto investors.

Binance's co-founder Changpeng Zhao has responded to the incident by urging users to be more vigilant and reminding them that no crypto platform is completely immune to security flaws.

CZ explicitly referred to hardware wallets and older crypto wallets as being vulnerable to bugs, but emphasized that spreading holdings across multiple wallets can help reduce the impact of a single exploit.