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Unauthorized Ledger hardware implant revives ETF vs hardware wallet debate
Cointelegraph says analyst Plan B defended his 2025 shift of Bitcoin holdings to ETFs after recent Coldcard and Ledger exploits.
Cointelegraph reports that a newly discovered unauthorized Ledger hardware implant has reignited debate over whether Bitcoin ETFs provide safer custody than self-custody using hardware wallets.
The outlet says the incident follows other reported wallet exploits, including Coldcard and Ledger issues, and has prompted renewed discussion across the industry about the security tradeoffs between ETF custody and holding Bitcoin via hardware devices.
Cointelegraph also notes that Bitcoin analyst Plan B said he had “zero regrets” about moving his Bitcoin holdings to ETFs in 2025, citing the broader context of these exploits.
The article further frames the renewed scrutiny as part of an ongoing effort to compare how ETFs custody Bitcoin holdings versus the risks associated with compromised hardware wallet systems.
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