A security flaw in Coldcard's hardware wallets has led to the theft of at least $100 million in Bitcoin. The vulnerability stemmed from a predictable pattern used in generating seed phrases, allowing hackers to guess and exploit them. While Coldcard is a niche player in the hardware wallet market, the incident is significant because it targeted security-conscious Bitcoin users who followed best practices for self-custody, raising concerns about the reliability of such devices. AI
RANK_REASON The article discusses a security lapse in a specific hardware wallet product, impacting users and raising concerns about self-custody practices.
AI-generated summary · Google Gemini · from 1 sources. How we write summaries →
