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

[Emma]

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.

 

[Mary]

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.

 

[Isla]

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.

 

[ELIZA]

At this point, your seed phrase needs a cold wallet, a multisig, a moat, and maybe a medieval knight—just to check gas.

 

[GIFZE]

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?

With $400M lost and phishing everywhere, relying on cold storage plus multisig feels outdated—smart contract wallets like Safe promise security, but they’re only as safe as their code and audits.

 

[Lotus]

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?

If even “secure” wallets like Ledger get phished, then cold storage plus multisig feels like locking your door in a house with no walls.

 

[peterjohn]

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.

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!