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How crypto can avoid private key compromises

David Schwed of SVRN breaks down why crypto has lost $8.5B to private key compromises—and what the industry must do to fix self-custody security.

News Coverage

Private key loss has cost the crypto industry $8.5 billion—and it remains one of the most preventable failure modes in the space. DL News spoke with David Schwed, COO of SVRN, on what crypto projects can learn from enterprise security culture to protect self-custody assets.

■ overview

□ reading time

10min

April 22, 2026

David Schwed of SVRN breaks down why crypto has lost $8.5B to private key compromises—and what the industry must do to fix self-custody security.

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