Why the Coldcard and Liquid Network Hacks Were the Worst in Bitcoin’s History
Recent security failures in highly trusted Bitcoin systems have forced a painful reckoning, showing that even users who mostly do everything right can lose money.
Via Gizmodo
When evaluating the sheer amount of bitcoin lost, the recent exploits of the Coldcard hardware wallet and the Liquid Network sidechain do not rank as the most serious security incidents in the history of crypto. However, they represent a far more dangerous development than the relatively common exchange hacks of the past.
In previous crypto disasters, the faithful could point to viable excuses involving user error, such as the use of centralized, unregulated exchanges or interacting with complex smart contracts…
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