A new report jointly released by Cointelegraph Research and Trezor points out that effective self-custody goes far beyond holding private keys—it involves complex interactions between wallet software, hardware, and user behavior. The research emphasizes that most security vulnerabilities stem from operational issues, such as phishing or backup data leaks, rather than key management alone. The report views self-custody as an ongoing risk management process and notes that following the FTX incident, users are increasingly turning to self-custody for practical security considerations. The report also stresses that tools like hardware wallets can mitigate user responsibility, but do not entirely eliminate it.