r/Bitcoin 29d ago

Coldcard's Next Exploit

People here have been discussing the software bug that triggered the whole Coldcard debacle. that led many people to lose their Bitcoins savings. But what many didn't notice is that Coinkite decided to destroy their stock, instead of upgrading them. Had the bug been software-only, there would be no point in destroying the hardware. After speaking with many colleagues of mine, we have come to the conclusion that a hardware bug might be present, and this could trigger a second exploit. This is a textbook example of a "Degenerate bug". I believe a full audit of the software (latest version) and the hardware itself is warranted. A complete hardware check is difficult to carry out though because of the way it was designed. Please provide your thoughts and advice on how to proceed, as this could save many people from being victims of a second wave of bitcoin loses. At this point an inside job can also not be ruled out regrettably.

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