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CZ Says Software Wallets Avoid Risks Seen in Trezor Leak
Aug 14, 2026
< 1 min read
by Wayne Jones
for CryptoPotato
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On August 13, Trezor disclosed that a data breach at its shipping partner, ShipMonk, exposed the personal information of roughly 13,700 recent customers, including names, phone numbers, and home addresses.
Binance founder Changpeng Zhao (CZ) responded by arguing that the incident shows a real advantage of software self-custody wallets, since they don’t require shipping a physical device that ties a buyer’s identity to a home address.
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