Coldcard hack sparks a self-custody security overhaul: Cory Klippsten
The attack exposed a five-year-old firmware flaw. The industry’s rapid response is accelerating the adoption of collaborative multisig security.
Make preferred on
Share this article
Summary
- Swan CEO Cory Klippsten said the Coldcard attack prompted bitcoin holders to reexamine their custody decisions.
- He said he mobilized his team to help affected holders move their coins to safety, including people who were not Swan clients.
- Rather than abandoning self-custody, affected users are migrating toward vaults that prevent any single compromised device from putting funds at risk.
