TRENDING TOPICS.........🔥🔥
*THE BIGGEST BITCOIN ETF
THREAT NO ONE IS TALKING
ABOUT*
As I waited with the rest of the world for
the first bitcoin ETF to be approved, one
thing has been gnawing at me: With a
handful of exceptions including Fidelity
and VanEck, nearly every applicant for a
spot bitcoin ETF intends to use Coinbase
as its custodian.
David Schwed is chief operating officer of
Halborn.
As a cybersecurity leader focused on
blockchains, this concentration of risk
along with the inherently high-risk nature
of crypto custodianship and the still-
evolving nature of security best practices
gives me pause.
It's not Coinbase itself that worries me
here. The firm has never been hit by a
known hack, which explains why so many
traditional institutions trust its know-how.
However, there is no such thing as an
unhackable target - anything and anyone
can be compromised, given enough time
and resources, which is a lesson I've
learned over a career at the intersection
cybersecurity and asset management.
