The MDM policy wiped the wallet app and its stored key.

Survives

Case description

A Bitcoin company treasury held in 2-of-3 Copay multisig experienced a quorum failure in February 2016 when a key holder's device was remotely wiped as part of an MDM policy update following a security incident at the key holder's employer. The MDM policy wiped the wallet app and its stored key. Recovery required a new key to be established and the wallet reconstructed from the remaining two keys.

Custody context

Stress condition	Multisig quorum failure
Custody system	Mobile or software wallet
Outcome	Survives
Documentation	Unknown
Year observed	2016
Country	Unknown

Structural dependencies observed

Third-party platform dependencyHardware device required

Outcome interpretation

Access remained possible under the reported conditions.

Source

Publicly Reported

Evidence type

Forum post

Evidence link

https://medium.com/@wayne_huang/rsa-2015-panel-bitcoin-s-future-threats-expert-s-roundtable-based-on-150-case-studies-92cc35e68e30

Related cases involving multisig quorum failure

75 cases involve multisig quorum failure 569 cases involve mobile or software wallet View archive statistics →

This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents. Submit a case

← All cases

Framework references

Where Bitcoin Custody Intersects Legal and Fiduciary Authority

Where custody creates gaps in estate planning, fiduciary duty, and professional responsibility.

Professional Scope Boundary Matrix

What each professional or product covers, what they do not, and where gaps form between them.

The Independent Assessment Layer in Bitcoin Custody

How independent diagnostic layers emerge when multiple parties depend on shared infrastructure.