CZ: Even hardware wallets may have vulnerabilities; there is no 100% security.

TechFlow reports that on August 1, Binance founder CZ posted on social media regarding the incident where over $38 million worth of Bitcoin was stolen due to a suspected vulnerability in the Coldcard wallet, stating that even hardware wallets may have vulnerabilities, and this applies even to long-established wallet products.

CZ stated that to reduce risk, users can consider spreading funds across multiple wallets, but this also introduces new risks. He emphasized that no asset storage solution can be 100% secure.