Ledger hardware implantation incident resulted in a loss of over $86 million, Plan B claims zero regret in transferring ETF holdings

The Ledger wallet was found to contain unauthorized hardware implants, and some blockchain investigators estimate losses exceeding $86 million. This incident has sparked discussions about self custody and the security of Bitcoin ETFs. Plan B stated that the decision to transfer Bitcoin holdings to ETFs was proven correct after the Coldcard and Ledger vulnerabilities were exposed, and claimed to have zero regrets. Ophelia Snyder stated that large holders will transfer their self managed assets to ETFs for higher security. Adam Back stated that hardware wallets can still serve as a secure storage method, but suppliers need to strengthen threat modeling. Jameson Lopp stated that self hosting can still be robust, but hasty migration should be avoided to create new centralized failure points.