‘Nothing Is 100%,’ Binances CZ Reacts as $70 Million Coldcard Exploit Stirs Panic
No Crypto Wallet Is Safe?Binances CZ Issues Safety Warnings The recent fraudulent attack that affected Bitcoin holders in a massive $70 million exploit involving the crypto hardware wallet Coldcard has sent shivers through the crypto community, stirring a wave of panic that has shaken investors confidence. Following the news of the attack, in which up to 594 BTC was drained from holders‘ wallets in less than 30 minutes, Binance’s co-founder Changpeng Zhao has sent a message encouraging crypto users to be more vigilant. No Crypto Wallet Is Safe? The incident, which has sparked reactions across the crypto ecosystem and stirred discussion about the reliability of self-custody platforms, has also triggered a response from CZ, who issued a few safety measures. Dogecoin (DOGE), Zcash (ZEC), Cardano (ADA) and Solana (SOL) Price Analysis For August 1: Outsiders Enter the Stage Democrats Hate Crypto More Than Oil Companies and Data Centers, Poll Shows In his statement, Binances CZ reminded users that no crypto platform is completely immune to security flaws, regardless of its reputation or track record. card He explicitly referred to hardware wallets and even older crypto wallets with a long history, noting that either of them can have bugs. Binances CZ Issues Safety Warnings However, the good news is that there is