Vincent Bouzon

“Migrate your funds”: Coinkite urges Coldcard holders to act as bitcoin thefts near $114M

Coinkite is urgently advising Coldcard hardware wallet users to migrate their Bitcoin funds due to an ongoing exploit that has already resulted in approximately $114 million in stolen funds. The vulnerability, present since 2021, stems from insufficient randomness in seed generation on specific devices and firmware versions. Users are instructed to upgrade their devices, generate new seeds, and carefully transfer their assets to mitigate the risk.