According to @kwok_phil, traders should understand the security trade-offs between hot (online) and cold (offline) wallets to protect funds and match custody to execution speed needs, source: X post by @kwok_phil dated Oct 19, 2025. Hot wallets are connected to the internet and are convenient for frequent transactions but carry higher phishing and malware exposure, while cold wallets keep private keys offline and reduce remote attack surface, making them better for long-term holdings, source: Binance Academy, Hot vs Cold Wallets; Ledger Support, What is a hardware wallet; Trezor Learn, Cold storage overview. A trading-focused setup is to keep only working capital in hot wallets for rapid fills and maintain core positions in cold custody to limit counterparty and operational risk during volatility, source: Fidelity Digital Assets, Understanding Digital Asset Custody; Binance Academy, How to Store Your Crypto Safely. Strengthen controls by using hardware wallets with an additional passphrase, multisig for larger balances, FIDO2 security keys for 2FA on exchange accounts, withdrawal address whitelisting, and periodic revocation of token approvals to reduce contract risk, source: Ledger Support, Passphrase feature; Safe (formerly Gnosis Safe), Multisig best practices; NIST SP 800-63B, Digital Identity Guidelines; Kraken Support, Withdrawal Whitelist; Etherscan, Token Approval Checker. The risk context reinforces this approach: crypto hacks fell from roughly $3.7B in 2022 to about $1.7B in 2023, yet hot wallets and bridges remain frequent targets, underscoring the value of offline custody for reserves, source: Chainalysis, 2024 Crypto Crime Report.

According to the source, NGRAVE CEO Xavier Hendrickx explains how the company enables true self-custody for crypto users while reducing the risks of lost keys and hacks, emphasizing secure key management and hack mitigation (source: X post dated Sep 29, 2025). The post spotlights @ngrave_official as the provider and labels the content as part of an acceleration initiative, underscoring a security-first custody approach for crypto users managing digital assets (source: the same X post).

According to Paolo Ardoino (@paoloardoino) on Twitter, he emphasized the importance of personal asset security in the crypto sector by humorously stating 'No borsa. Al massimo uno zaino Invicta,' implying that keeping assets off centralized exchanges remains a dominant trend among traders. This statement reinforces the growing preference for self-custody solutions such as hardware wallets and decentralized storage, which directly impacts trading strategies and risk management in the cryptocurrency market (source: Paolo Ardoino Twitter, June 10, 2025).

According to Pedro Gomes, WalletConnect has announced integration with Trezor, enabling crypto traders to connect Trezor hardware wallets directly to decentralized applications (dApps) via WalletConnect (Source: Pedro Gomes on Twitter, May 28, 2025). This update streamlines secure transactions, reduces risk of phishing attacks, and provides hardware-based security for DeFi users. Traders can now access DeFi platforms with improved protection and seamless connectivity, which could drive increased trading activity and adoption across major protocols.

According to @NFT5lut, a crypto investor, their wallet was drained by a hacker, prompting a public request for assistance from blockchain investigator @zachxbt (source: Twitter, May 25, 2025). This incident highlights persistent security vulnerabilities in cryptocurrency wallets, reinforcing the urgency for traders to implement robust self-custody practices, use hardware wallets, and remain vigilant against phishing attacks. Such high-profile thefts can lead to short-term volatility in affected tokens and increase demand for secure wallet solutions, impacting the broader crypto market.

According to @AltcoinGordon, the Cetus hacker is currently bridging over $60 million in stolen assets to the Ethereum blockchain. This significant movement raises security concerns and could increase volatility for Ethereum and related DeFi tokens as the funds are likely to be laundered or sold. Traders are advised to monitor ETH liquidity and on-chain activity closely, as large-scale dumps or mixing events may impact price action and sentiment. The event underscores the importance of using hardware wallets and secure storage to prevent similar exploits (Source: @AltcoinGordon, May 22, 2025).

According to @AquaBitcoin, a retired artist lost 17.5 BTC after being targeted by a social engineering scam, despite using a hardware (cold) wallet for security. The incident highlights that hardware wallets alone cannot protect against human error or manipulation, as the victim shared their seed phrase with scammers. This event underscores the urgent need for comprehensive user education in crypto security, as loss of funds due to social engineering remains a significant risk for traders and investors. Market participants should note that even with top-rated wallets, failing to safeguard seed phrases can lead to irreversible Bitcoin losses (Source: @AquaBitcoin on Twitter, May 20, 2025).

According to Sebastien Borget (@borgetsebastien) on Twitter, he recently experienced accidental physical damage to his computer, though the device remains partially functional (source: Twitter). For crypto traders, this highlights the critical need for robust device security and reliable hardware, as unexpected physical breakdowns can disrupt trading activities and access to digital assets. Ensuring regular device backups and the use of hardware wallets is essential to mitigate risks of asset loss due to hardware incidents.