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Morning Edition · Saturday, August 22, 2026Published at 1:43 AM EDT · New York
Coldcard Ships New Firmware After a $114 Million Theft and Says AI Review Found More Bugs
Coinkite replaced the backup random number generator that produced guessable seeds, added a pre-signing transaction recheck, and now requires users to supply their own dice or coin entropy.
Coinkite, the Canadian maker of the Coldcard hardware wallet, has released new firmware three weeks after disclosing the flaw that allowed attackers to drain more than $114 million in bitcoin from users. The defect had been present since fi…
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Part of a tracked trend
Hardware-Wallet Trust Erodes
Recurring firmware and entropy defects in self-custody hardware, now surfaced faster by AI-assisted code analysis, will keep pushing risk-averse holders toward custodial and ETF products rather than personal key management.
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