BitGo warns hardware wallets can be a single point of failure after Coldcard hack, offering free custody services to individual users

BitGo argues that a hardware wallet stored away unused is not genuine protection but a single point of failure attributable to its owner. The company cites the Coldcard hack as a reminder that asset safety depends on how holdings are protected rather than mere ownership. As part of its response, BitGo is making its custody service free for individual users, positioning it as suited for assets worth protecting. The announcement was made via BitGo's account on X.

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