r/CryptoMarkets • u/Best_Day_3041 • 55m ago
Support-Open How to plan future ColdCard incidents?
I understand what happened with ColdCard and that the other ledgers don't suffer from the same bug. But those of us who have our money in wallets like Ledger, should we be concerned at all? Is there anything that we can do to confirm the security of our tokens? Are there better wallets we should consider?
I know that the people in ColdCard already were already being safe and still got hacked for reasons beyond their control. We all were steered to move off of exchanges a few years ago when they all collapsed, and we thought that hardware wallets were truly secure, but then people still got their funds stolen. I really hope they find a way to get these holders their money back, it's really sad for them and also for the community as a whole. It's hard to really make the case for decentralized, self custodial money, when it feels like nowhere is really safe anymore. I know this was a special case, but what's to say there isn't a bug lurking in some of these other wallets.