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Coldcard Breach Exposes Verification Failures | Bitcoin and Crypto News
Description
A major Coldcard hardware wallet security flaw, lurking in public code since 2021, let attackers steal nearly $114 million in Bitcoin from over 700 addresses. Despite the “don’t trust, verify” ethos of crypto, this critical bug went unnoticed for years—until now. Worse, early researchers who flagged it faced hostility, threats, and legal intimidation. The incident reveals a troubling shift: confidence replacing verification, and community trust outsourced to a few voices. The fix? Reclaim the mantra: verify everything, for everyone. Users must migrate funds immediately—and the industry must welcome scrutiny, not silence it.
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