Lopp says one exchange hack caused losses greater than all self-custody failures this year

Casa co-founder Jameson Lopp said in a post on X that criticism of self-custody has grown over the past few months, with some claiming it is effectively dead or too risky to use. He argued that the comparison looks different when losses are measured directly. According to Lopp, a single exchange hack has already caused more damage than the combined losses from all self-custody failures recorded this year. The remark frames the debate around custody risk by contrasting a centralized exchange breach with incidents tied to users holding their own assets. The post did not include additional figures in the summary cited by Techub News, but it highlighted Lopp’s view that exchange-related security failures can outweigh the losses often used to criticize self-custody.