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The Nexus
SECURITYAug 10 · 10:47 UTCFORTUNEJeff John Roberts

Why the latest Bitcoin hack hurt more than most

Coldcard, a manufacturer of offline crypto storage devices, was hit by a security lapse that resulted in at least $100 million worth of Bitcoin being stolen from customers. The breach occurred because Coldcard failed to implement a randomized process for creating seed phrases, instead relying on a predictable pattern that allowed hackers to guess others. This incident has sparked debate about the reliability of hardware wallets versus using reputable exchanges.

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Why the latest Bitcoin hack hurt more than most · The Nexus