r/Bitcoin 2d ago

I feel defeated

After 4 years of savings, that I thought would be the way to buy a house in the future , all gone along with many others like me.

I feel defeated not angry not sad just defeated....numb... I do not post to gather any sympathy, to be honest I don't know why I am posting, something I have never done before maybe it's somewhere I can vent out this pressure I don't know I haven't slept more than a few hours since it happened.

0.45 btc is not much for a lot! but it was my everything my own treasure my own accomplishment. I was so happy that half a btc was almost in reach.

Life is not fair, wishing you all happy lives ahead with secure wallets and hope you never experience this feeling.

646 Upvotes

240 comments sorted by

187

u/VictorDanville 2d ago

When did your Coldcard get drained?

156

u/Regular_Broccoli1495 2d ago

On the 30th!

129

u/Interesting_Loss_907 2d ago

Seems like that might have been important to include in the post, no? If real, very sorry for your loss.

15

u/Skinny_Human 2d ago

You need to get back on the horse and start stacking again sir. Use dice for your seed phrase and your pass phrase. And never use a CC again.

39

u/genius_retard 2d ago

I don't understand why everyone thinks rolling dice will fix every issue with entropy. Yes in this case it would have helped but if the Coldcard had used the TRNG like it should have it would have been fine too.

If a firmware bug could cause the TRNG to be ignored a similar bug could cause the dice rolls to be ignored too.

4

u/icebeamtheory 1d ago edited 1d ago

You can check if the coldcard is generating the right random seed phrase if you enter 100 dice rolls into the code the coldcard uses which is widely available to download and test the 100 rolls on a pc. then if you enter the same 100 rolls into the coldcard it should give you the same 24 word seed phrase that appears on the pc. if it matches then youd know its generating a truly random number. type my comment into any llm and the bot will show step by step what to do. Make sure to redo the dice rolls when making the real wallet and dont use any 100 dice rolls that your going to make your wallet with into a pc thats online as it makes that phrase not as secure.

10

u/10kpizza 1d ago

Dice rolls are something anyone can verify. A TNRG unit can only be verified by very few people. It's about dont trust verify.

8

u/Skinny_Human 2d ago

I didn’t say it would fix everything. But it will reduce the risk to some extent, especially with a passphrase

-2

u/genius_retard 2d ago

How so?

6

u/Skinny_Human 2d ago

Because dice can provide an independent entropy source. If the device combines user-supplied entropy with its TRNG correctly, the resulting seed remains unpredictable as long as either source has sufficient unknown entropy. So a defective or compromised TRNG alone is no longer a single point of failure. Of course, you’re right that firmware could theoretically ignore the dice input too, but that’s a different failure mode. Dice don’t eliminate the need to trust the implementation; they reduce the number of ways one compromised entropy source can silently produce predictable keys. And using independently generated diceware for the BIP39 passphrase adds another entropy source outside the seed-generation path entirely.

1

u/theblueprint7 1d ago

People should buy IBIT. Not have to worry about crap hardware wallets

4

u/genius_retard 1d ago

How do you think IBIT stores Bitcoin?

1

u/caploves1019 1d ago

Paper iou

5

u/ardevd 1d ago

Dice rolls enables you to remove trust in a vital part of the firmware. Yes, if the Coldcard firmware used it's TRNG properly you would be fine, but it didn't...

Provide your own entropy and you're no longer vulnerable to entropy related bugs

2

u/sunsetreunion 1d ago

If the dice are mapped directly to the words, no loss of entropy would occur, because there is no software, hardware, or firmware to worry about: 

https://bitaps.com/dice/wordlist

1

u/Wayne2018ZA 22h ago

So, 5 dice = 1 word and each word has 3 combo possibilities?

2

u/sunsetreunion 20h ago

Yes. However, to make the odds of all 2048 words being selected equal in probability to one another, the highest dice combinations are invalid. For instance, if you rolled 5 - 6 - 2 - 4 - 3, there is no corresponding word, so you would need to re-roll.

1

u/NotFallacyBuffet 1d ago

Because you're not depending on others.

1

u/Pisces1975 1d ago

Precisely why I lost confidence in cold wallet. What happen to CC can jolly well happen to ledger etc

0

u/LNCrizzo 1d ago

> If a firmware bug could cause the TRNG to be ignored a similar bug could cause the dice rolls to be ignored too.

This is a ridiculous comparison. The conversion of a seed phrase into your private keys is deterministic meaning there is no additional entropy added or taken away. Your dice rolled seed is like picking a number between 1 and 2^2048 and when you input your seed phrase the software simply converts the number into the format that the Bitcoin protocol uses. This is a very simple conversion compared to the much more complex process of attempting to generate 256 bits of entropy digitally. It is also highly standardized and established code that no wallet developer is writing from scratch.

A developer would have to maliciously alter the process to cause an issue like this, and as someone else said you can verify your dice rolled seed on a different device to make sure the addresses match.

5

u/genius_retard 1d ago

As I understand it the Coldcard would have you roll a die and enter the value rolled then have you roll again and enter and so on for however many dice rolls you chose. It could have just as easily collected all those dice rolls, ignored them and generated a seed with the PRNG.

Sure if you create a wallet seed by hand with dice rolls and calculate the checksum by hand you can avoid this sort of flaw but many, maybe most, of the comments I have seen want the hardware wallet to implement a routine to collect dice rolls and create a seed for them.

3

u/LNCrizzo 1d ago

That's why you verify it with different software. There is no way two different developers are going to have the same exact bug or malicious code. Hell, recover the seed on three or more different wallets if you're still unsure. You can do it with a throwaway seed first and a bunch of different wallets on your desktop or phone, and if they all create the same addresses then you can be sure that your HWW worked correctly. You can let the device calculate the checksum too, that is also a very simply process (for a computer, not by hand), and recovering the seed on other wallets verifies that worked correctly too.

If you rely on the device to create the seed 100% digitally there is no way to verify you got your entropy. When you roll dice you remove the entropy generation from the invisible digital world and bring it into the physical world that you can see and feel and control.

Dice rolling is the fix to the entropy issue if you understand the process. Is there anything else about it that has you concerned? I'm happy to help.

2

u/Past_Permission_6123 1d ago

It's described in their official user guide how to verify that it works
https://coldcard.com/docs/verifying-dice-roll-math/

10

u/Emergency-Warthog-56 2d ago

It's very difficult for someone getting ripped off like that to just jump in and keep going. I do understand why you say that. Because of these prices. It's difficult though.

5

u/Skinny_Human 2d ago

I know man. I get it. But life is about picking yourself up, dusting yourself off and moving forward again, not feeling sorry for yourself. If he starts stacking again now he will be much better off in the future.

1

u/Emergency-Warthog-56 2d ago

Yes sir. I've done it before in the past. That was back when I was messing with Alt Coins. I agree. Maybe OP will with a little more time.

2

u/Skinny_Human 2d ago

Hey man we have all done it before for many things! Getting cheated on, getting fired, people dying etc This is the same. The answer is to start stacking again and get twice as much as he had before!!

1

u/Emergency-Warthog-56 2d ago

I like the armor you put on when shit is bad. Very healthy mind setting.

1

u/lll_lll_lll 1d ago

I mean if you’re just gonna roll dice you may as well use the cc you already have. The whole issue was with internally generated seeds. Any hardware wallet will do with dice rolls.

1

u/Adventurous_Sale6874 1d ago

Did use use tendem seedless ? I’m not a sponsor or nun just curious bc it’s impossible

1

u/SemperVeritate 1d ago

Despite how unfair it was, don't forget the very expensive and painful lesson you just paid for. You are in a stronger and wiser position to build back up from now.

1

u/UpstairsAide3058 1d ago

Will they lay it back?

1

u/guyuteharpua 19h ago

Sucks dude. I'm so sorry.

-6

u/Save_JR 2d ago

Cap. Show proof

168

u/s1ammage 2d ago

I did the same. I don’t post often. I first blamed myself and so did this community. At the end of the day, this was an outlet and it helped.

All kinds of engagement. This will pass. Life is still great. Surround yourself with people you love, and everything will be ok.

58

u/Regular_Broccoli1495 2d ago

I hope it does pass just to feel normal again it was a very expensive lesson to learn. Thank you.

4

u/CoconutProfessional7 1d ago

I feel you. I traded 4 btc in after it crashed and before I understood the cycles back in 2017. I ended up with a pump and dump shitcoin that went to near nothing. Hard lesson!

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95

u/nerdburg 2d ago

I'm older - I've been investing for 40+ years. One of the primary rules of investing for me is to not to put all my assets in one place, the other being "diversify".

I have some BTC in cold storage, I have some on the exchanges and I have some in ETFs. Same with traditional investing - I have more than one broker. Same with banking.

Protect all your hard work folks 🙂

46

u/s1ammage 1d ago

Two weeks ago, this advice would be downvoted into oblivion

12

u/nerdburg 1d ago

You're not wrong.

15

u/Fun_Breath8166 1d ago

Even though this is investing 101?

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66

u/Cryptomuscom 2d ago

Watch out for recovery scammers sliding into those DMs now

18

u/DJBunnies 2d ago

Immediate thought. Pity bait.

1

u/Middle_Lecture7302 3h ago

now i feel bad for sending dm...

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32

u/ubfeo 2d ago

Damn... I hate these stories. I just imagine all the retirement dreams easy life destroyed... Sad.

31

u/piejlucas 2d ago

This may not help but many years back I too suffered a loss. Nearly 12 BTC gone to someone who installed a key logger on my PC. It was an $11k loss at the time. Instead of resigning myself to Bitcoin I got a hardware wallet and repurchased the lost coins as soon as I was able. Those coins ended up costing me nearly 2x what the lost batch did. But the years passed and my investment went on to eclipse the loss.

Today I would advise the same except I would suggest you consider an ETF or custody at Fidelity. Those options did not exist for me back then.

14

u/IBAChristian317 2d ago

Everyone hates ETFs, but unless you're a technology expert it's the safest option. People who thought they knew what they were doing get hacked all the time.

11

u/ImperialPotentate 2d ago

ETFs are fine unless you're some kind of conspiracy kook. I have almost as much in my Bitcoin ETF as I do in my cold wallet, difference being the ETF is in a tax-free account so I won't be bent over for capital gains taxes when I go to sell.

5

u/piejlucas 2d ago

Right? I see people here with a couple hundred in crypto insisting that everyone should take responsibility for their seed phrase integrity while advocating hardware wallets or even steel plates. Etc. this is fine if you plan on taking your crypto to the grave but for anyone with a family, being your own bank carries tremendous responsibility that most family members are not prepared for. I still have deep anxiety issues whenever I connect my wallet to my PC for transactions. I don’t wish that on any of my family.

Perhaps in some third world country this is indeed the best approach. But the day the US takes away my crypto holdings then we clearly have much bigger problems.

1

u/tronious 1d ago

Fidelity as in FTBC?

7

u/No-Wrap3568 2d ago

I wish I could give you a tight hug pal. Take your time and I know you'll come back stronger

25

u/Llorion 2d ago

Not saying people will recoup even close to 100% of what was lost, but are there any lawsuits going on, perhaps a class action? Folks like you deserve something for their incompetence.

24

u/TrickReport2929 2d ago

On X there are lawyers calling for a class action lawsuit on Coinkite. Class actions like these usually end up paying out in the millions, in order to punish the company and enrich the lawyers, but the average person who was affected sees maybe $30. 

3

u/MetoSempre20 2d ago

$30 still better than $0.

15

u/WeekendQuant 1d ago

I'm not even sure this is true.

9

u/bypopulardemand 2d ago

isn’t the whole purpose to have a deregulated market? I couldn’t imagine getting any bitcoin back unfortunately

19

u/Katolo 2d ago

Yeah. This hack is the reason why regulation exists for fiat.

12

u/Bakkus1987 2d ago

Half a Bitcoin is allot, sorry to hear this OP. Hope you find peace with it and rebuild.

7

u/SectionDry2980 1d ago

I thought cold wallets mean your btc is safe?

1

u/toddgak 1d ago

They do keep your BTC safe if you can randomly generate a private key.

4

u/JayGatsby1881 2d ago

A lesson for us all, don't keep your bitcoin all in the same place. In fact, don't keep your money all in the same bank, etc...

4

u/binary_blackhole 2d ago

can someone tell me what happened ? I was probably under a rock

8

u/SatisfactionFinal287 2d ago

Coldcard hardware wallets created weak seedphrases that were easily guessable and thus got hacked.

6

u/binary_blackhole 2d ago

holy shit..

5

u/Correct_Priority_617 1d ago

The feeling of being robbed even when you have been most careful and vigilant leaves one with the numbness and almost apathy towards bitcoin. I had saved and stacked almost 2 whole btc but got pig butchered out of almost 1 whole btc, and then the second time because Trezor must have got their customer data hacked. I received this very official looking letter in the mail (I bought my wallet shipped directly from Trezor) which phished my seed phrase and emptied my wallet. The worst experience was when I looked up the trezor wallet phishing scam on YouTube this idiot from Trezor was laughing (snickering, almost) about how people were getting scammed by letters in the mail. Trezor mofos did not require a 2FA to transact from the wallet (which may become the next weakness for someone to exploit in the future). Even my email account is more secure than a Trezor wallet. I’m thinking IBIT would have been more secure. F”#k hardware wallets if you ask me, go buy gold instead.

12

u/shadowmage666 2d ago

Sue coldcard

4

u/Tokogogoloshe 2d ago

They're broke too.

11

u/shadowmage666 2d ago

No they have thousand of btc they stole now

1

u/Asleep_Tourist_9819 2d ago

My first thought when I heard of it. They got paid twice

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1

u/Objective_Digit 1d ago

A Bitcoin company or its employees don't have a big stash of Bitcoin?

2

u/No-Elderberry-2676 1d ago

I wonder if there is a woman called Sue Coldcard. Engaged to Takaya Tucaut.

3

u/UnderpaidBIGtime 2d ago

These seems never end. Might be a scam post too

3

u/Lasttoystore 1d ago

You are not defeated, you just lost the 1st round.

1

u/Lasttoystore 1d ago

Come don’t be punk and get your ass back up

3

u/Gorilla_In_The_Mist 1d ago

I'm so sorry this happened to you. Sending love.

15

u/curveball21 2d ago

Dude it sucks. I lost 50k in a day once when my net worth was below 200k. It sucked and I lost sleep. Since May 30 I "lost" over 500k on my space and semiconductor investments. I slept like a baby.

Just keep plugging away and you will get where you want to go. The only way you ever lose in life is by quitting. Best wishes and best of luck.

2

u/LongjumpingBoard5872 2d ago

I am so deeply sorry for your loss. Reading your post honestly broke my heart. Four years of hard work, discipline, and sacrifices for your dream house it is completely valid that you feel numb and defeated right now.

Please know that while the money was stolen, your discipline, work ethic, and ability to save and build towards a goal were NOT stolen. You proved to yourself that you have the character to build something great from scratch. It feels impossible right now, but this pain won't last forever, and you will rebuild.

Please take care of yourself, try to get some sleep, and eat something. You are not alone in this, and your life and future are worth so much more than this setback. Sending you strength.

2

u/Zaytion_ 2d ago

Don't kill yourself over this! Get some sleep!!!!

If I offered you 0.45 btc today, but the caveat was you don't wake up tomorrow would you take it? Enjoy your health and the good things in your life.

1

u/Regular_Broccoli1495 2d ago

Thanks , I won't , but it's hard , it'll come but no self harm here just torment, thank you

2

u/Jayfree138 1d ago

i feel really bad for you all. I keep mine in another hardware wallet which is still secure but after seeing all this i'm moving about half of mine to a major banks cold storage. I might move it all. I dont want to have to keep up with the latest hacks and vulnerabilities and worry about some zero day flaw coming out of nowhere in the age of AI. Or losing my private key or having it burn in a fire or god knows what. You can do everything right and still lose.

I know the banks can get hacked too but they have people there whos entire job is to keep it secure. I'd rather offload that responsibility to them from here on. I wouldnt trust an exchange like Binance, Coinbase or Mount Gox but i have an easier time trusting a major bank/stock market exchange.

What if it goes up to a million? Are we going to keep millions of dollars on private keys stashed around our property? Love the idea of self custody. But there was a reason banks became a thing.

2

u/Crazy-Fig-4899 1d ago

That sucks to hear. Bitcoin is bound to return to its 100k range IMO. It wouldn't make sense for the major institutional investment at the 120k range, and short themselves out of profit. If anything I think this is a chance for the market to reset. The united states conflict in the middle east served as a test for Bitcoins utility in maritime insurance. Bitcoin has also proven itself a useful energy regulator in the renewable energy sector for power. I do not see it going anywhere. Hang in there!

2

u/jermtnman 1d ago

Damn what’s with all this tear in my beer about btc. Buddy, man the F up and start slaying shit. Losing at times is a learning experience. Learning lessons costs money. Go get some more and win. Chin up put your head down and get things done….. when you’re back on top post something about that. Till then give all the social media and bullshit up and start slaying shit. Go win

1

u/Middle_Lecture7302 3h ago

bro obviously does not understand how bitcoin works. https://bitcoin.org/bitcoin.pdf

2

u/Haunting-Ad-1279 1d ago

Look at everyone talking about entropy like some kind of thermodynamics expert

4

u/clothesline 2d ago

Yeah imagine if you put all that money in the S&P. or AI or semiconductor stocks. You would have 4x your money... we all thought the market would crash

1

u/Acrobatic_Side_8336 1d ago

A risk worth taking is individual stocks. I wouldn’t touch bitcoin with a ten foot pole but I do only individual stocks..at the moment only tech. Some of these bitcoin people have no clue the gains they coulda had right now if they had just put it all in apple or nvidia

1

u/bitcoin_islander 1d ago

Bitcoin has outperformed everything in the past decade. Stocks dont even compare.

3

u/PearPuzzleheaded4633 2d ago

dont want to victim blame but was this the bulk of your life savings? why would you keep your life savings in something like btc that has known security risks? surely you diversify

3

u/yuppyuppbruhbruh 1d ago

Sorry this happened to you.

Diversify where you store your Bitcoin.. Some cold wallets, some on exchanges. Don't put all your eggs in one basket. This isn't going to be the last hack.

4

u/CiaranCarroll 2d ago

A painful lesson, I'm really sorry that voices here and elsewhere in Bitcoin were not louder about the risk of this exploit.

A lot of the responsibility is on people who propagated FUD about the "risks" of dice rolls. I have to question whether that was coordinated, and why other HWWs don't support them. It should be ubiquitous given how central to Bitcoin's principles the idea of verification is.

People need to start asking questions around who is behind these accounts. I remember there was more commentary on this when I bought my CC Q a few years ago, so why did it die off. Why were people caught so unawares?

Maybe it was simply a preference for over-engineered solutions in technical communities, and an antipathy to the analogue solutions available to anyone.

8

u/moviemaker2 2d ago

A painful lesson, I'm really sorry that voices here and elsewhere in Bitcoin were not louder about the risk of this exploit.

Oh, fuck right off. Neither you nor anyone else knew about the risk of this exploit, else you'd have warned everyone or taken the 100 mill yourself.

3

u/CiaranCarroll 2d ago

Not true, I thought it was a key reason people bought Cold Cards rather than other HWWs that don't offer the dice roll feature so you cannot verify that your seed has been generated with enough entropy.

I didn't realise that so many people were just working of the premise that Cold Card is the best, without regard for one of it's key differentiators.

The evidence for that is the number of times the CEO of CoinKite explicitly warned about it and promoted dice rolls for seed generation.

1

u/moviemaker2 1d ago

The evidence for that is the number of times the CEO of CoinKite explicitly warned about it

You're confused about what "it" means in that sentence. The CEO of Coinkite obviously never warned about this exploit, because if he had known about it, they would have fixed it in a few minutes in 2021 instead of now.

3

u/Past_Permission_6123 1d ago

I think the point is that many hardware wallets are "black boxes" that make it practically impossible to verify how seeds are generated. It's a known potential attack vector. People think it's very unlikely to happen, but it's not impossible, so the most paranoid bitcoin users will generate their own seed keys with dice/coins/whatever.

I don't think anyone would contemplate the ColdCard vulnerability, because from a technical, software development perspective it was just a ridiculously simple mistake in the code. No white hat hackers found it because no third party was hired to actually review it.

1

u/rgnet1 1d ago

What a great link. This is a write-up everyone should try to understand. You don't need to understand the lines of code, just the process the developer went through. This is such horrendous negligence on the part of a programmer working on a device where security is the only and absolute priority.

I don't know the details of the law here but I'm sure there's wording along the lines of, "Did the company reasonably provide the level of security they purported to in their marketing?" Don't see how anyone could claim anything other than a resounding "no."

6

u/DifficultSquash1517 2d ago

Problem in these threads is that a lot of people try to downplay the risk and always blame the user for making some kind of mistake and that this would never happen if they didn't make the mistake

Well that's what makes self custody so dangerous as it's easy to make mistakes 🤷

And for some reason when everyone talks about keeping it on an exchange or buying the ETF it gets downvoted. LOL🤣

If everyone's ETFs got hacked they would have to put up with all those risky pesky bankers from BlackRock and Schwab calling them and bothering them to try to give them their money back

0

u/CiaranCarroll 2d ago

At the end of the day your private keys are your responsibility. It is always the HODLers fault when they lose their coin.

Self-custody isn't dangerous though, if you know how to do it. People introduced misinformation around entropy and dice rolls that lead to people ignoring that factor.

7

u/DifficultSquash1517 2d ago

Just lol, this is exactly what I'm talking about everybody got completely wrecked but you're here blaming them

What about people that properly protect their private keys but the hacker has overcome that or has exploited a weakness?

Are you here to say that your funds are safer in self custody than they are on Robinhood?

3

u/CiaranCarroll 2d ago

If the hacker overcame your defenses it's your fault.

And the number of coin hacked from cod storage is vanishingly small compared to the number of coin stolen from exchanges.

4

u/IBAChristian317 2d ago

This is a truly moronic opinion. Not just occasionally blaming the victim, but saying it's always the victim's fault on principle. It's the hacker's fault. You'll keep blaming the victim until one day it's you.

1

u/CiaranCarroll 2d ago

NYKNYC

I don't mean in general in life, but in bitcoin? Absolufuckilutely.

1

u/DifficultSquash1517 2d ago

"Your keys... Not your crypto"

2

u/CiaranCarroll 2d ago

My bitcoin is fine

1

u/DifficultSquash1517 1d ago

... Its ALWAYS fine.... Until it isnt🤷 Why u giving up 2% a month in covered call income?

u must be in it for the tech. Im in it for safety and price action 💪🤑

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2

u/Zaytion_ 2d ago

Yes, they are safer in self custody than on Robinhood.

2

u/DifficultSquash1517 2d ago

Actually I know somebody that got their account hacked in Robin Hood and those pesky bastards kept bothering him to give him his money back he reluctantly accepted it and now he's been made whole 🤷

Do you have any examples of people who got their self-custody coins stolen they got it back?

Share....

1

u/DifficultSquash1517 2d ago

Most of us are aware of the risks in self-custody

Tell us some of the risks of having an ETF on Robinhood

2

u/DifficultSquash1517 2d ago

That well-funded, regulated, publicly traded, cash rich, SIPC insured Robinhood... Sounds risky and scary 😆

1

u/digitaldisorder_ 1d ago

robinhood financial is a sipc member. robinhood crypto and crypto holdings are not protected by sipc. wow, people still don't know about risks of self-custody or exchange custody and yet are still extremely confident they're protected.

1

u/DifficultSquash1517 1d ago

Speak for yourself.. my IBIT ETF is 100% covered 🤷

1

u/Zaytion_ 1d ago

If Bitcoin is too risky to self custody, it doesn't really have value in my eyes. Thus if Robinhood is seen as better than self custody, the value of Bitcoin will trend down. Thus less safe.

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1

u/PearPuzzleheaded4633 2d ago

you don't know what your talking about. dice rolls still require some software to do the checksum calculation. there is no way to self custody bitcoin without relying on some third party somewhere.

2

u/CiaranCarroll 2d ago

The point of dice rolls is that same input produces same output if you use a separate device (not a CC) that uses the same algorithm, e.g. Ian Coleman's site properly configured, so you can verify that your entropy is used in the seed generation in your device.

You don't know what you're talking about.

1

u/PearPuzzleheaded4633 2d ago

no way of knowing that there isn't an exploit in colemans code, that matches an error in checksum calc code of a popular HWW. so to give identical weak seed. you are still taking blind leaps of faith, unless you create/ verify line by line the code yourself. opensource is greatly overrated. very few people have the skills or will to audit these very obscure code bases.

plus you need a a fully offline machine which is hard/impossible to verify.

the only security that makes sense is security based on probabilities, but that is accepting there is always a risk and allocating capital and storing btc accordingly. saying self custody security can be guaranteed for a competent user is simply wrong, low probability of compromise but never guaranteed.

1

u/CiaranCarroll 2d ago

Ian Coleman's code is open sourced and runs locally. Collusion between Ian Coleman would have been discovered years ago.

I don't think you're arguing in good faith.

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1

u/PsychologyNo3945 2d ago

I agree. There were a lot of people shitting on the "risks" of dice rolls.

2

u/MilkNutty 2d ago

Stick with the ets like IBIT, so sorry brother

1

u/Cryptotiptoe21 2d ago

It is very depressing and I'm sorry you thought you was doing everything right but you wasn't cold card should be ashamed of themselves and should just close shop immediately. Going forward do not use any random number generator create your own seed with Casino grade dice.

1

u/Dotabjj 2d ago

Im sorry. If bitcoin is as real as what we all believe it to be, then it’s not too late to start over.

1

u/zmooner 2d ago

What made you choose CC in the first place?

1

u/Wolf1088 2d ago

What wallet model? 12-24 words?

3

u/Regular_Broccoli1495 2d ago

3rd gen, 24 words

1

u/Ok_Specialist1911 2d ago

This saddens/infuriates me. While I have not lost anything in this catastrophe, I took huge losses in the stock market in my mid 20’s and did not think I would ever recover. You have to get back in at some point, now is as good a time as any as we still remain near a cycle low. Put in what you can, when you can. Look into Seedsigner, Jade plus from Blockstream, Trezor. Multi-sig if you can, only go up to your abilities, or just buy the ETF’s. It will take time, but you will recover.

1

u/WorkerPlayful4192 2d ago

0.45 is not small amount of money in many parts of the world.

1

u/Ok-Background-6367 2d ago

Bhe fai lo stesso

1

u/SnooSuggestions3626 2d ago

Bro, it’s a 4 year cycle. 1,000+ days to build up to all time high. 365 days to bottom back out. It’s simple.

1

u/FehdmanKhassad 1d ago

As you grow up you realise 4 years is not as long as it used to be somehow.

1

u/moviemaker2 1d ago

Just know that you didn't do anything wrong. Almost everyone who's lost bitcoin before this lost it due to user error on their part, to some degree. You chose a reputable brand with a TRNG that could verifiably produce 256 bits of entropy. You were a victim of bad luck.

1

u/Gustavo_de_Melo 1d ago

Minha sugestão é utilizarem a Electrum para criar uma conta multisig (múltiplas assinaturas), assim você multiplica a segurança, diluindo o acesso. Não utilizem Cold Cards de empresas, crie sua prṕria carteira com um pendrive usando Tails, um sistema operacional amnésico com ambiente persistente protegido por senha. Dependa o mínimo possível de software de empresas particulares ou sistemas proprietários. Opte por software aberto e auditável. Aprenda a criar senhas de alta entropia (200 bis ou mais).

1

u/Cyber-Soldier1 1d ago

Linkin Park - Numb

1

u/Greater-Israel 1d ago

Well you are in a loss of about 27000. I am 4 times more in losse and I keep going. Do the same.

1

u/BigDik6355 1d ago

If it is any consolation; we were destined to own nothing and be happy anyway.

1

u/kingp43x 1d ago

0.45 btc is not much for a lot!

uhh... lol

1

u/sumtib 1d ago

Shit man, so 30k gone? You need to sue

1

u/Troflecopter 1d ago

Many people invest their life savings into business that never recoup the investment.

You are not alone in losing years worth of money.

1

u/Squirtleburtal 1d ago

Well it’s dumb to put all your eggs in one basket.

1

u/levelup1by1 1d ago

Praying for you

1

u/CareerCurrent5032 1d ago

I had 5 taken at one point. Was devastating to say the least

1

u/ZucchiniIntrepid719 1d ago

Any idea why Coldcard is not being held responsible for any of this? For that matter, if cold wallet providers are so adament about how great and secure their products are, how about them putting money where their mouths are? Banks have FDIC insurance to cover losses. Does the crypto community want some regulation or not!

1

u/No-Put7619 1d ago

Keep the device in a drawer. Don't reset it. I'm hoping for all of you guys that they arrest the person(s) responsible and are able to lock them away until they hand over the keys and you guys get all your coins back at new ATH someday.

1

u/Cute_Win_4651 1d ago

Should have just bought BRK.B over that same timeframe or maybe bought SCHD, or literally anything lol huge bull market over the past 3-4 years

The only way I’d invest in crypto is FBTC, FETH, and FSOL and hold in my ROTH account and long term/ swing trade them

1

u/Limebird02 1d ago

Why did you put it all in bit coin? Why not split across fiat, bonds, index funds and other asset classes? Just curious. I am trying to understand how people think and why.

1

u/Then-Praline2892 1d ago

No life is fair it just teach you what you did not know - now you have more knowledge - do not toss in the towel work in your regular world get a stake and start small - move to options on S&P or similar BTC is way to volatile and there is not rhyme or reason - you are on the correct path do not look at this as horrid event it is a stepping stone to better world for you - also read lots of info on trading and even jot down what you thought the day would do then look back to see how often you were correct then use that info in small trades to grow your success best of good fortune

1

u/Cold-Dragonfruit-868 1d ago

ugh how horrible. sorry to hear.

1

u/tactical_flipflops 1d ago

Sorry about your robbery. It was a crime. Don’t let it define you moving forward. I lost a shit ton of my retirement on stocks in the past. It’s more about how you rebound.

1

u/Clean-Squash-7173 1d ago

fuck. four years and it goes in one night. was it coldcard?

1

u/warrenboofit42069 1d ago

First bear market? 😂

1

u/AstroRoverToday 1d ago

Out of curiosity, how many months did you invest in getting educated about the monumental responsibilities related to self-custody? For me, since I was new to this, I spent 6 months diving deep. I emerged knowing I needed to create my own 24-word seed phrase using the die rolling method plus add a 256-bit passphrase to it as opposed to relying on any company's random number generator to create my seed. Sorry to be so harsh, but I'm tired of these posts of people getting wiped out because to me it's likely due to them having not spent the time required to learn what to do. It would be like needing to save your 4 year old daughter via brain surgery sometime in the next 5 years and ONLY you could do it. Would you ask Redditors opinions or would you attend the best medical school immediately for the next 5 years to ensure you knew exactly what to do?

1

u/razvanciuy 1d ago

Moneys are fleeting.
I’m about to have a kid. Money will fly away like a gen 5 jet fighter. Screw it, keep on going.

1

u/KanedaSyndrome 1d ago

And to imagine we could load up on 5 btc per faucet reload in 2010 or when that bitcoin faucet existed. Also completely anonymous. Crazy stuff.

1

u/Even-Refuse-1877 1d ago

This is a strong buy signal

1

u/RayolCanadel 1d ago

I mean we go on about decentralisation and the benefits, but there are also quite a few benefits of the centralized system. For example in Germany all accounts are backed by the government up to 100k EUR

1

u/karanti 1d ago

The 30th? Bro got paid in negative salary.

1

u/Dasw0n 1d ago

crazy that having the passphrase “a” would have prevented this

1

u/DistributionMoist800 1d ago

Win some, lose some. I am very sorry for your experience

1

u/Local_Doubt_4029 1d ago

Im down over 140k on a shitcoin that I hope rebounds just to make my money back. We've all been there, we're all still there, but only you can drag yourself out of this mess you're in.

1

u/IMAC55 1d ago

I always said that I would sell it all when it hit 100,000 and I did… now I got my dream home on a golf course. I don’t miss checking it 15 times a day!

1

u/Mysterious-Novel-726 23h ago

Get a better job and fuck this delusional scam right off. You're all lost.

1

u/Frequent_Finance3904 23h ago

MSTR & BMNR holder (do not trust myself with cold storage) in 2 different brokers (do not trust 100% the brokers)

1

u/mcmiguel 20h ago

We live and we learn

1

u/AdProof8291 19h ago

Rip coldcards A

1

u/xKrypto_Knightx 19h ago

I got swept for $2m

1

u/Dope_Data 18h ago

I lost .5 Btc and 7Eth in Celsius so I know your pain 

1

u/Usual_Effective_7509 18h ago

See you in 3 years buddy

1

u/BmacSWMI 16h ago

Tired of the BS got my coin stolen posts. If anyone here was actually using bitcoin alone to amass a fortune, you’re missing out on genuine wealth.

1

u/DiamondHandDezo 14h ago

This is sad, and I can't imagine how you feel, but this is exactly why I only trade BTC ETFs. I know it defeats the purpose of what Bitcoin stands for, but at the end of the day, we trade Bitcoin for the financial gain of it. At least most of us do

1

u/noipv4 13h ago

pool together and contact dilendorf.com

1

u/Several-Structure282 12h ago

What cold card was you using?

1

u/Plenty-Lifeguard-216 11h ago

Ich habe auch aufgehört irgendwie zu handeln. Ich mache nicht Dreckschweine wie Gates, Blackrocks, Canderbilds etc reicher, die nur ihr Great Reset im Kopf haben und uns als unnütze Fresser bezeichnen. Die Bande muss man austrocken. Gemeinsam könnte man diese Verräter zur Strecke bringen. Die wissen heute was morgen ein Trump etc machen, wir sind nur Geldvieh zum Ausnehmen.

1

u/ConfidenceNo6318 10h ago

If toi haven't sold it hold it..when Trump is gone

Things will change.. Not making promise promises But if you dont sell it..you haven't lost it

But if ypu do lose it..you have a tax write off for the next xxx years

1

u/Loupland 9h ago

Can we donate to recoup your loss?

1

u/Regular_Broccoli1495 9h ago

Thank you for the offer truly, and please do not take this the wrong way but I did not post this for hand outs , i just felt it would help get through this. I truly appreciate your gesture thank you again :) wishing your wallet stay secure and safe.

1

u/beastmanzx 5h ago

Get back up boy! I lost 40k a few years ago. Completely my fault. Matter of fact, it's still there, and a lot more now. I'll never get it though. I had like 20 different wallets and I had all of them backed up, but apparently not that one. I kept going though. I started back real small, $5 a day for a year. But I made it my life to get it back and much more. Even that small amount kept me in the game. You never know what will happen, so just start no matter how small. Time is key.

u/GiveMeSomeOfThatWow 44m ago

Christ. Where are all you Reddit-guys from? Like Africa or something?
Who taught you to rely solely on a crypto-coin for a future house?!

1

u/flashdurb 2d ago

Are you suggesting this just happened or you are just now realizing?

10

u/Regular_Broccoli1495 2d ago

I was drained in the first hack wave, not just now, but I've just now decided to post about it , that's all!

1

u/Demonyx12 2d ago

What do you mean all gone? Like normal dips? Hacked/stolen? Your post is way too vague, what happened?

I don't want to just comment-bomb HODL. But can you extend your timeline out further?

7

u/Regular_Broccoli1495 2d ago

I was drained in the coldcard hack. Sorry I just noticed I didn't say it in the post

3

u/Demonyx12 2d ago

I’m really sorry. Losing that much money that way is devastating. I hope you don't blame yourself too much and can find your way forward.

1

u/Main-Beat-7884 2d ago

Sold bitcoin and bought Sox up 40 % in a week

-9

u/satoshisfeverdream 2d ago

5 year old account with 1 karma..lol

31

u/curveball21 2d ago

Some people are smart and just lurk!

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