News has broken of a $7.9 million hack at Coinsbuy. According to Cointelegraph, Ethereum and Tron wallets were drained, and the team is reportedly offering a bounty to recover the funds. As infrastructure security incidents continue to plague the space, we're seeing a major shift in how the industry handles asset storage.

The most notable change is the push toward institutionalized custody. Protocols and institutions, weary of hacks and opaque operations, are rapidly pivoting away from self-custody toward secure, regulated custody solutions. The recent move by the U.S. Federal Trade Commission to fine Celsius founders for misleading users about asset safety has only accelerated this trend. Ultimately, security concerns are ironically acting as a powerful catalyst for the growth of institutional-grade custody. It makes you wonder where the final destination for secure asset storage will be. haha

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