Du Jun, co-founder of Web3 investment firm ABCDE with Chinese roots, said security incidents have made many wealthy investors reluctant to hold cryptocurrencies directly. Family offices that previously recommended BTC and ETH are increasingly moving Bitcoin holdings into BlackRock's iShares Bitcoin Trust, known as IBIT, or selling crypto in favor of physical gold and traditional assets. The shift follows centralized exchange thefts and cold-wallet supply-chain security incidents that have weakened institutional confidence. Du said on X that he struggled to advise these family offices on alternative custody arrangements because no viable workaround appeared available amid vulnerabilities affecting both self-custody and exchange-based storage.