Bitcoin custody must put security first, with multiple approvals and supply-chain controls

Protecting customer assets should take priority over profitability in cryptocurrency custody. Monitoring large transfers, automatically pausing suspicious activity and controlling hardware-wallet supply chains are central to that responsibility. In a discussion on Cointelegraph’s X account on November 4, Swan Bitcoin CEO Corey Klipsten said the industry needed stronger defenses to stay ahead of attackers. He said safeguarding customer assets should be a company’s first responsibility, with profitability pursued on that foundation. Klipsten illustrated the need for layered safeguards with the custody arrangements for the Czech Republic’s crown jewels.