Crypto CEOs debate risks and usability in self-custody wallets after hardware flaws

Crypto industry leaders remain divided over whether self-custody solutions were ever truly intended for beginners, as safety concerns and usability challenges continue to emerge around hardware wallets and related approaches. Safe Labs, a technology company specializing in cryptocurrency asset protection, is under the leadership of CEO Rahul Rumalla. Rumalla stated that expecting every cryptocurrency holder to be a security expert is unrealistic, drawing an analogy to how drivers are not required to be mechanics. He emphasized that the core of digital assets is enabling individuals to own and manage their assets directly, regardless of technical expertise. However, Michael Tanguma, CEO of Bitcoin custody provider Onramp, compared the experience of self-custody in Bitcoin to early personal computers in the 1970s, which demanded significant technical knowledge from users.

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