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This week's continued tragic fires in Los Angeles have highlighted a unique problem faced by many who choose to self-custody their crypto – the physical destruction and loss of hardware wallets and backup keys.
The reality is, many crypto users keep their hardware wallets and recovery seeds at home because that is the most practical place for them to keep them. However, many users don’t think about how this strategy could be impacted when disaster strikes.
My 70 year old aunt lost her apartment in the LA fires.
Most of her savings was in crypto and she lost her wallet and seed phrase, and doesn’t have any backups. (Yes bad setup I know, but it is what it is)
I feel sick. This was all she had.
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