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Coldcard Flaw Exposes $38M Bitcoin Theft | Bitcoin and Crypto News
Description
A major security flaw in the Coldcard hardware wallet exposed a critical vulnerability that let hackers steal $38 million in Bitcoin—undermining the core promise of self-custody. The bug stemmed from insufficient randomness in recovery phrase generation, and even after a patch, users who created phrases with old software must migrate funds to new wallets. This incident sparks debate over whether average users can truly manage their own crypto securely, forcing many to reconsider whether regulated custodians or ETFs offer safer, more practical alternatives for large holdings.
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