Not Your Hardware Wallet, Not Your Keys
AI Summary
This newsletter covers the growing Ledger hardware wallet compromise linked to CryptoBilis reseller, with over $93M in losses and Tether freezing $10M of stolen funds. Other key stories include Papertrade traders losing $32.4M, ESMA's stablecoin wind-down deadline for MiCA firms, Citi's stablecoin checkout plans, and Robinhood reporting $15B in Stock Token DEX volume.
Key Facts
Author Takes
Self-custody limitations
Self-custody is now narrow: buy direct, generate visible entropy, and split keys across vendors via multisig, but even then the only partial recovery came from Tether's blacklist, not self-custody itself.
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