Binance Founder Issues Security Guide After $200M Ledger and Coldcard Exploits

Key Facts

1Binance founder Changpeng Zhao shared a crypto security guide following hacks and exploits targeting Ledger and Coldcard wallets.

2Losses linked to the Ledger theft are estimated at $86 million, while a Coldcard exploit involved $112 million.

Binance founder Changpeng Zhao shared a crypto security guide following a series of hacks and exploits targeting Ledger and Coldcard hardware wallets. Benzinga reported that losses linked to the Ledger theft are estimated at $86 million, while a Coldcard exploit involved approximately $112 million.

The security warnings follow rising cases of unauthorized access and high-profile breaches involving major hardware wallet providers, prompting the Binance founder to emphasize the importance of self-custody measures. These exploits, totaling nearly $200 million, impact market confidence in the security of cold storage solutions used by digital asset holders.