August 4: Coldcard's Wallet Failure Is a Reminder That Self-Custody Isn't Risk-Free
Coldcard is at the center of the crypto conversation after a flaw in its seed-generation process reportedly allowed attackers to brute-force wallet seed phrases, ultimately draining an estimated 1,367 Bitcoin, worth roughly $88.6 million, from around 4,500 addresses. Matt discusses how the incident is driving some users back toward centralized exchanges, highlighting OKX's report of increased inflows and arguing that the lesson isn't that exchanges are safer, but that every form of custody carries its own risks.
The episode also covers BlackRock's launch of tokenized European money market…
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