With the increase of 'Monkey Wrench Attack ($5 wrench attack)' in the cryptocurrency industry, the demand for 'custody services' for secure asset storage is rapidly increasing. This physical theft method, which involves using violence or threats to steal cryptocurrencies, has been raising tension with recent incidents targeting key figures in the blockchain industry.
Over the past year, famous investors and corporate executives have been victims of such attacks, causing the long-standing cryptocurrency belief of 'Not your keys, not your coins' to lose its persuasiveness. Cold wallets provide complete control over assets, but simultaneously have a vulnerability of being an easy single point of attack for perpetrators.
The problem is that as cryptocurrency asset popularization continues and high-net-worth individuals increase, the frequency of such physical threats is also rising. Consequently, the trend is shifting from 'self-custody' methods to institutional custody services with enhanced security and stability. Major custody service providers report a noticeable increase in inquiries and requests from high-value investors seeking asset protection.
Industry experts assess that this recent trend could ultimately facilitate cryptocurrency's entry into the institutional realm. As asset protection demands converge on institutions, expectations for regulatory review and service quality can also rise. With Trump mentioning in a major election speech that he would guarantee cryptocurrency holders' asset freedom, related policy discussions may accelerate.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
