Everyone getting into a panic about cold storage with all of these wallets getting drained.

Cold Card was some shitty little company no one had heard of that had plenty of issues brought up to the company and they refused to do anything about it. I’m still looking to see what comes of this case in the coming months and years.

With Ledger this is related to supply chain, but these wallets that were drained were from 3rd party sellers in Asia that were able to install chips that could read the screen and thus have access to seeds. This all could have been prevented if these people had simply purchased the wallets directly from the manufacturer. This wallet saw roughly 100m$ in funds drained, but Ledger wallets overall have funds in excess of 100 BILLION $.

Basically, don’t try to get weird with wallets and just buy directly from the top manufacturers in the space. Also consider using multiple wallets when you get large crypto holdings so you don’t have all of your funds in one basket.

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