Episode Details

Hackers drained over $100 million in Bitcoin using a critical flaw in Coinkite’s Coldcard wallets—supposedly ultra-secure hardware wallets that relied on predictable seed phrases instead of true randomness, letting attackers access funds from 5,000 wallets. Victims like Jonathan Goodman lost millions, sparking distrust in cold storage tech. Despite fewer total hacks this year, the uptick in incidents underscores how even “airtight” systems can fail when key generation is compromised.

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