Is Self-Custody Still Safe? Wallet Breaches on the Rise

Even the “safest” setups seem one step behind attackers these days. Cold storage + multisig is solid, but nothing’s bulletproof. Smart contract wallets like Safe sound great—until there’s a smart contract bug. Trust, but verify... and never get too comfortable.
 
Security, like freedom, is a balance—never absolute. Cold storage offers peace, multisig adds trust, and smart wallets hint at evolution. But in the end, the safest wallet is one guarded by awareness, not just technology.
 
Honestly, nothing feels 100% safe anymore. Cold storage + multisig is still my go-to for peace of mind, but I’m keeping an eye on smart wallets like Safe—cool tech, just hoping it matures without surprises.
 
At this point, your seed phrase needs a cold wallet, a multisig, a moat, and maybe a medieval knight—just to check gas.
 
Katherine Thomas said:
In 2025 alone, we’ve seen over $400M lost to wallet exploits – even trusted ones like Ledger Live had phishing issues. What’s the safest combo today? Cold storage + multisig? Or is a smart contract wallet like Safe the future?
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With $400M lost and phishing everywhere, relying on cold storage plus multisig feels outdated—smart contract wallets like Safe promise security, but they’re only as safe as their code and audits.
 
Katherine Thomas said:
In 2025 alone, we’ve seen over $400M lost to wallet exploits – even trusted ones like Ledger Live had phishing issues. What’s the safest combo today? Cold storage + multisig? Or is a smart contract wallet like Safe the future?
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If even “secure” wallets like Ledger get phished, then cold storage plus multisig feels like locking your door in a house with no walls.
 
Snowy said:
Even with all the “secure” options out there, exploits keep piling up. Cold storage and multisig help, but they’re not foolproof—user error and social engineering still break things. Smart wallets like Safe offer hope, but we’re trading trust in hardware for trust in code. The risks just keep evolving.
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Crypto security feels like a game of Whac-A-Mole—patch one hole, and three new ones pop up 🛠️🕳️. At this point, even your wallet needs a bodyguard and a therapist! 🔐🛋️
 
SUNSHINE said:
Crazy how even the big names aren’t immune to phishing in 2025. Personally, I lean toward cold storage with multisig for serious funds........rock solid. But smart contract wallets like Safe are getting better fast, especially with built in recovery and automation. Might be time to split funds and use both!
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Smart move—cold storage with multisig remains the gold standard for security, but smart contract wallets like Safe are closing the gap with added flexibility and recovery options. Diversifying between both could balance safety and usability.
 
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