CZ Warns Bitcoin Holders After $70 Million Wallet Exploit
CZ Warns Bitcoin Holders After $70 Million Wallet Exploit
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Binance founder CZ has issued a warning to Bitcoin holders following a significant $70 million exploit linked to Coldcard wallets. The incident, which saw losses nearly double initial estimates, prompted CZ to advise users to diversify their funds across multiple wallets to mitigate risks, emphasizing that no security measure is entirely foolproof.
CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: 'Nothing Is 100%'
The Binance founder urged holders to spread funds across multiple wallets as Galaxy Research put the toll from the Coldcard exploit at roughly $70 million—nearly double the initial estimate.