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Coldcard crisis hits $130 million – proving ‘not your keys’ is meaningless if you trust a single device to generate them
By Gino Matos at 2026-10-06 17:49
Sentiment: Negative
Block's Bitcoin Engineering and Security team and independent Bitcoin Core developers have traced the recent batch of Coinkite Coldcard wallet losses to a specific firmware defect that exposed a hidden weakness in Bitcoin self-custody before any user touched a seed phrase. The bug diverted the device's random-number generation from its STM32 hardware source to MicroPython's […] The post Coldcard crisis hits $130 million – proving ‘not your keys’ is meaningless if you trust a single device to generate them appeared first on CryptoSlate. Continue reading...
Categories: Featured
Tags: #Featured #Hacks #Wallets
Source CryptoSlate