When a cold wallet isn’t so cold: Lessons from the $90m bitcoin theft

Digital hardware crypto wallet with Bitcoin symbol and glowing blue circuit board pattern. Secure electronic device for blockchain finance and data protection futuristic technology concept.

When a cold wallet isn’t so cold: Lessons from the $90m bitcoin theft

When a cold wallet isn’t so cold: Lessons from the $90m bitcoin theft

Cold wallets were long considered the safest way to store bitcoin. A recent AI-enabled hack has challenged that view, says Novaque CEO Shiven Moodley.

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Hardware wallets have long been regarded as one of the safest places to store bitcoin because the private keys remain offline and beyond the reach of conventional hackers.

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About Ciaran Ryan 1513 Articles
The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.