Episode Details

A massive $89 million Bitcoin heist rocked the crypto world after a critical flaw in Coldcard hardware wallets allowed hackers to drain funds from over 1,000 wallets in under an hour. The vulnerability made recovery phrases predictable, letting attackers access funds remotely — undermining the core security promise of offline storage. Coinkite, the maker, has patched new devices but warns users who created recovery phrases with older software must generate fresh ones and migrate funds immediately. CEO apologizes and urges urgent action as investigations continue; industry leaders are sounding the alarm as the threat expands to more affected models.

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