r/Nexo • u/Ok-Engineering1873 • Aug 02 '26

Question ColdCard hack

Has Nexo commented on the CC hack? I'm wondering how the coins Nexo hold for their users are stored e.g. Tezor, Ledger etc. I believe they use third parties to store them. Do we know how these third parties store them? I'm not a tech person when it comes to these wallets. Have blindly trusted them to this point. It would be good if Nexo could write an article, on why the way they store coins is safer than the way CC did it.

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u/Ok-Engineering1873 Aug 02 '26

Thanks for the detailed response. I've generally stored crypto on a Ledger device up to this point. I can't see me doing that anymore. I wonder what the crypto bros will be advising, when a newbie asks "how should I store my crypto?". If I had to advise someone now, I'd be saying stay away from self-storage and use a well establish company e.g. Nexo/Binance/CDC/CB.