Another rough week for risk assets, another reminder of what’s still broken in crypto market structure. @mikebelshe joined @YahooFinance live today to dig into it.
He points to recent exchange breaches as proof the industry hasn’t fully solved a problem institutions have been pushing to fix for years.
Before you deposit with any custodian, ask one question:
If they failed tomorrow, who would own your assets?
BitGo is a federally chartered digital asset bank. Client assets are bankruptcy remote, meaning they stay legally separate from the company’s balance sheet.
More from @halstonvalencia. 👇
In case you missed it.
BitGo CEO @mikebelshe live on Yahoo. 👀
finance.yahoo.com/markets/li…
We didn’t think we’d be updating this chart so soon.
Since 2020, the 20 largest hacks account for 64% of the $21.4B stolen across more than 1,100 incidents.
The industry keeps growing, and so do the risks to digital assets, especially as AI gives attackers cost-effective ways to find and exploit a weaknesses.
It's more important than ever to defend proactively, with secure custody built into the foundation of all your operations, no matter the size of your holdings.
Every firm holding client assets should be asking where its single points of failure are today.
This week, another exchange confirmed a significant breach, pulled from hot and warm wallets before withdrawals were paused.
A single compromised system was enough to move the funds, that's the root cause of nearly every major hack.
This pattern has cost the industry and investors dearly, but there are solutions to mitigate these risks in the future.
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Another week, another hack, and another round of the industry taking stock.
Our thoughts are with the teams working on the recovery.
Moments like this are a chance for all of us to look honestly at how digital assets are protected, because the same story keeps repeating.
Whether you invest as an individual or manage assets for an institution, you deserve to know exactly how your assets are protected.
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Crypto prices go up. Crypto prices go down.
@wbpeck, Head of Digital Assets at WisdomTree, says that’s just noise he’s learned not to chase.
What he’s watching instead: some of the largest financial institutions in the world building stablecoin links and onchain products since the Genius Act passed. That’s the momentum he thinks actually matters.
Bitcoin sovereignty goes beyond private keys.
As bitcoin becomes part of the modern family’s wealth, a trust, a business or a foundation, control is about more than who holds the keys. It is also about who is authorized to act, what approvals are required, and whether those safeguards hold up as decision-makers change.
In our new report with @BespokeGroupCO, we explore how long-term wealth strategy, ownership structures and institutional custody can work together to support bitcoin wealth across generations.
Get the report: bespokegroup.io/press-releas…
Humans aren’t wired for good OPSEC, no matter how experienced they are.
Multi-signature wallets exist because of that, not despite it. Remove the single point of failure, whether that’s a person, a key, or a machine, and the whole risk profile changes.
Mike Belshe explains that BitGo built that structure over a decade ago, and says it still holds up as the foundation everything else gets layered on top of.