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Bitcoin expert urges holders to keep self custody amid rising wallet hacks and warns ETFs don't eliminate risk

Market News
23 Oct 2026
Blockonomi
View Source
Bearish
Bitcoin expert urges holders to keep self custody amid rising wallet hacks and warns ETFs don't eliminate risk

Jameson Lopp, Casa's chief security officer, has urged Bitcoin holders to maintain self custody of their coins following recent wallet security breaches involving Coldcard, Ledger, and Qubic wallets. He warns that Bitcoin ETFs and custodians do not remove risk but merely shift it to other parties, potentially exposing investors to freezes or seizures. Lopp recommends using multisignature wallets with keys spread across different locations and hardware suppliers to enhance security. He also emphasizes planning for inheritance and loss of access, stressing that better wallet protection is the solution rather than giving up direct control of Bitcoin.

Jameson Lopp's advice on Bitcoin self custody comes as a backdrop for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 23, 2026 15:51 WIB: out of 50 priced major cryptocurrencies, 37 rose and 12 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a 1-day change of +11.14%, EOS (EOS.IO) at Rp12.649 with +8.13%, and DOT (Polkadot) at Rp21.481 with +7.72% and Pluang order activity showing 11% Sell and 89% Buy.

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