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1/ Multisig has helped protect 1000s of BTC during the Coldcard incident, and the reasons might surprise you.
Here are a few ways multisig offered protection beyond the simple redundancy of multiple keys:
Unchained
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- Mark Moss recounts how an exchange lost 27 of his bitcoin. Many others lost self-custody bitcoin due to the Coldcard incident. What fixes this? Unchained believes it's not about Custodians vs. Self-Custody. It's SPOFs vs. Redundant Controls. Our cofounder @dhruvbansal explains:
- Although block rewards have been dropping in bitcoin terms, there remains a long-term upward trend in dollar terms. Chart courtesy of @mempool
- 1/ The legendary 1966 film The Good, The Bad, and The Ugly was about a 2-of-2 multisig wallet. Clint Eastwood's "The Man with No Name" holds one key, while the other two characters wind up sharing knowledge of the second key.
- "Thus far, we’ve been unable to convince ourselves against the idea that the bottom formation process of the 2026 bear started with the price-pain capitulation event on 6-Feb-2026." Read the bear report we co-published with @_Checkmatey_ in April 2026. ⤵️
