Scott Melker discusses how hardware wallet makers Trezor and SafePal and Israeli crypto broker Bits of Gold disclosed major data breaches.
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We don’t have to really talk about the fact that Trezor obviously had a data leak.
I was forced over the weekend when we saw the Safe pal, neither safe nor your pal, uh announcement that they had lost another 40,000 customers bringing the total to 55,487 owners of hardware wallets data exposed.
Great.
And I was just going to get ready to report that when I saw today, Israel’s largest crypto broker bits of gold hit by data breach affecting 200,000 customers, 253,000 people in crypto now at physical risk because nobody can seem to protect their data.
Oh, meanwhile, not crypto related, but French taxpayer data stolen in cyber attacks, French Finance Minister said six over 600,000 people, many who are crypto holders where we’ve already had a problem in France also having their data exposed. What the hell are we doing here?
You can buy a self-custody wallet and know that your private keys are safe, but does it really matter if someone can knock on your door with a gun and ask you for those private keys?
We have an existential crisis right now in self-custody that we are going to continue to dive into and this also of course on the back of cold card where people actually lost their money in an exploit.
