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Wallets in 2026
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Breakdown
0:01lesson
Cold wallet flaw linked to 70 million Bitcoin theft
- Cold card hardware wallet flaw linked to 70 million Bitcoin theft
- Attacker drained 1,196 Bitcoin addresses in 41 minutes
- Galaxy Research mapped the flaw to firmware issue
2:13lesson
Value at risk and custody strategies
- Value at risk determines storage solutions
- Self-custody vs third-party custody tradeoffs
- Philosophical divide between Bitcoiners and enterprises
4:58lesson
Hardware wallet security certifications
- EAL6 plus secure certification for hardware
- FIPS 140-2 cryptographic standards
- Certifications indicate rigorous testing
6:59lesson
Three-factor authentication principles
- Something you have, something you know, something you are
- Biometric, PIN, and hardware device
- Three-factor authentication as security design
10:04lesson
Certification standards for hardware
- EAL6 certification for secure design
- FIPS 140-2 cryptographic modules
- Certifications are expensive and third-party maintained
12:06lesson
Multimodal multisig for high-value custody
- Multisig requires multiple keys to authorize transactions
- Multimodal approach reduces hacking risk
- No successful multimodal multisig hacks reported
14:47lesson
Third-party custody and security practices
- Third-party custodians use multi-party computation
- Cold and hot storage strategies
- Professional custodians like Bitco and Fireblocks
17:08lesson
Ownership and address verification in crypto
- Bitcoin addresses do not inherently carry ownership data
- Self-custody lacks third-party verification
- Recovery keywords and zero-knowledge proofs
19:25lesson
Midnight's approach to identity and asset separation
- Separate identity from assets for privacy
- Smart compliance and self-sovereign identity (SSI)
- Selective disclosure for proof of ownership
21:50lesson
Access control and recovery in crypto
- Access control vs recovery strategies
- Recovery solutions like Turnkey and Derek
- Security is a chain with weak links
24:19lesson
AI's impact on crypto security
- AI enables persistent scanning of systems
- Symmetric threat landscape due to AI
- Increased risk of system vulnerabilities
26:39lesson
Value at risk and security strategies
- Security strategies vary with value at risk
- Hot wallets for small amounts, hardware for larger
- Multimodal solutions for high-value assets
29:16lesson
Threat landscape and attack vectors
- Attackers have unlimited patience and resources
- Symmetric threat landscape due to AI
- Vulnerabilities in software, firmware, and chip design
31:32lesson
Defending against crypto hacks
- Multimodal solutions for long-term custody
- Third-party custodians with good reputations
- Open-source and certified solutions
33:26lesson
Recovery solutions and PGP paper wallets
- PGP paper wallets for secure key storage
- Twitter as backup for recovery
- Recovery is a critical link in the security chain
35:59lesson
Security failures and victim blaming
- Blaming victims for security failures
- Hardware wallets can be compromised
- Need for better access control and recovery
38:05lesson
Exchange custody and user behavior
- Exchanges as third-party custodians
- 80% of users leave funds on exchanges
- Need for self-custody and disaster recovery
40:01lesson
Insurance and standards in crypto security
- Insurance forces market standards
- Insurance for Ledger and Treasure
- Decentralized insurance creates industry standards
42:11lesson
AI and consumer generation in crypto
- Consumer generation will make crypto worth 10 trillion
- AI as a tool for security and pentesting
- Decentralized insurance and standards
44:23lesson
Future of crypto wallets and custodians
- Agentic wallets and OWS standard
- Confidential compute and trusted execution environments
- Integration of multiple standards and protocols
46:18lesson
Confidential compute and AI revolution
- Confidential compute for secure agent operations
- Partnership with major tech companies
- Future of computation loads through confidential compute
Informational only — this is Charles Hoskinson’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.