Binance Founder Zhao Says Hardware Wallets Can Have Bugs, No Method Is 100% Safe
Bloomingbit Newsroom
Summary
- Changpeng Zhao, the founder of Binance, said hardware wallets can also have security vulnerabilities following a recent cold-wallet hacking incident.
- He said storing assets across multiple wallets could be one response, but that approach also carries other risks.
- He stressed that there is no 100% safe method and urged users to keep checking the latest security information and manage their assets safely.
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Changpeng Zhao, the founder of Binance, urged investors to remain cautious after a recent cold-wallet hacking incident, saying hardware wallets can also have security vulnerabilities.
In a post on X, formerly known as Twitter, on Aug. 1, Zhao wrote that hardware wallets may contain bugs and that even wallets used for a long time can develop flaws. Spreading assets across multiple wallets may be one way to respond, though that approach carries other risks as well.
There is no 100% safe method, he added. Zhao urged users to keep up with the latest security information and manage their assets safely.
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