Losing a private key means losing access to Bitcoin permanently because there is no recovery system. For long-term storage, offline wallets like hardware devices or metal backups reduce risk exposure.

Centralized cryptocurrency exchange DMM has lost more than $305 million worth of Bitcoin (BTC) due to a hack of its servers on May 30. The exchange confirmed the hack on its website and stated that ...

With only one key, there will always be a single point of failure that can lead to lost funds. For example, if your singlesig key becomes misplaced, then you will no longer have access to your bitcoin ...