Blink Wallet Suspends Services After Security Breach Drains Custodial Accounts

The distinction Blink draws between custodial and non-custodial wallets is the substantive point: the failure sits with keys held on users' behalf, not with Lightning itself, so the incident lands on the operational model rather than the protocol. That matters for the wider argument that self-custody removes a class of counterparty risk, and it puts pressure on how other hosted Lightning services are assessed. The open questions are what the investigation attributes the access to and whether the suspension is lifted on the same terms.