List of Flash News about multisig security
| Time | Details |
|---|---|
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2025-12-03 05:25 |
Trinidad Crypto Ambush: $85,800 Theft Highlights P2P Trading Risks and Custody Security
According to the source, an X post dated Dec 3, 2025 reported that gunmen stole about $85,800 in a Trinidad crypto-related ambush and framed it as part of a rise in attacks on holders. Source: X post, Dec 3, 2025. For traders using P2P or OTC meetups, platform guidelines warn that in-person cash deals carry elevated physical risk and recommend using platform escrow, verified counterparties, and avoiding cash handoffs. Source: Binance P2P Safety Guidelines. Self-custody does not mitigate coercion risk under physical threat; security advisories highlight the wrench attack and recommend using passphrases and multisig to reduce single-point exposure. Source: Ledger security guidance on passphrase and multisig. If stablecoins like USDT are involved, issuers can freeze tokens associated with theft upon law-enforcement requests, which may aid post-incident recovery; no such recourse exists for BTC or ETH. Source: Tether freezing policy and public freeze actions. Operationally, traders often require on-chain confirmations before releasing assets to mitigate settlement risk, aligning with exchange confirmation policies. Source: Kraken deposit confirmation policy. |