CZ: Self-Custody Wallet Vulnerability Fixes Cannot Protect Previously Generated Wallets

Odaily Planet Daily News — In response to the ongoing attack incidents targeting Coldcard wallets, Binance co-founder CZ reposted on X platform, stating that for self-custody wallets, developer fixes for vulnerabilities cannot resolve the risks associated with previously generated wallets, and developers cannot directly contact users of air-gapped devices.

CZ stated that users' wallets may still be exposed to attack risks before they take action. He emphasized that he still supports the self-custody model, but self-custody means users need to bear more security responsibilities.