Part 9/13:
The host emphasized that hardware wallets are among the most secure means to store cryptocurrencies—real-world compromise primarily results from user error, such as losing seed phrases or falling victim to social engineering. Notably:
No cold wallet has been hacked remotely; physical hacks are exceedingly rare.
The use of secure element chips, open-source designs, and multi-chip configurations (as in Safe 7) significantly enhances security.
Automatic firmware updates, though sometimes considered inconvenient, are vital for patching vulnerabilities and are made seamless.