Current outcome
Coinkite and its co-founders face a proposed class action in Ontario, Canada, alleging Coldcard's standard firmware used a predictable pseudo-random number generator that made seed phrases reproducible and left users' bitcoin vulnerable, with claims under consumer protection and sale-of-goods law plus negligence and breach of contract.
Progress timeline
2 material updates- #01
Coldcard Loses $70M In 41 Minutes As CZ Warns Hardware Wallets Can Fail
Coldcard hardware-wallet users reportedly lost about $70M in 41 minutes during a security incident, prompting Binance's CZ to warn that hardware wallets can fail.
Source evidence: Yellow.com
- #02
【Coldcard 制造商 Coinkite 因固件随机数漏洞在加拿大面临集体诉讼】
Coinkite and its co-founders face a proposed class action in Ontario, Canada, alleging Coldcard's standard firmware used a predictable pseudo-random number generator that made seed phrases reproducible and left users' bitcoin vulnerable, with claims under consumer protection and sale-of-goods law plus negligence and breach of contract.
Source evidence: foresightnews · theblockbeats