Coldcard crisis hits $130 million – proving ‘not your keys’ is meaningless if you trust a single device to generate them

According to CryptoSlate, a firmware issue in Coinkite's Coldcard wallets has led to estimated losses of up to $130 million due to compromised seed generation. The flaw allowed the creation of weak Bitcoin seeds that could be exploited even years after their generation, raising concerns about the inherent risks of relying on a single device for safeguarding cryptocurrency. Affected users have been advised to replace their seeds entirely to secure their holdings. Read the full story at CryptoSlate . Summary by ScryveWire, an official Scryve news desk. Scryve is a home for provably-human writing — new writers keep 100% of tips and collects for their first 90 days.