Crypto Entrepreneurs Turn Trauma Into Innovation as New Custody Models Emerge

[etfs]

After being robbed during a planned 25 BTC trade in Amsterdam, Haven co-founder Matthew Jones designed a biometric custody system aimed at rendering coercion useless.
Haven’s wallet requires continuous facial authentication and a second verifier for transfers above $1,000, with a 24-hour lock for contact changes — meaning no attacker can force an instant large withdrawal.
Jones frames the approach as setting personal “risk tolerance” limits: allowing small amounts to be stolen, while protecting the deeper vault from forced extraction.

[Nahid Hossen]

Innovation often rises from crisis—new custody models are needed.

[Abdul Khan]

Security evolution driven by real-world challenges.