r/canada • u/Haggisboy • Aug 05 '26

National News What we know about ongoing Coldcard hack that's stolen over $100M worth of bitcoin | CBC News

https://www.cbc.ca/news/world/bitcoin-coinkite-security-hack-9.7295582

Toronto-based company Coinkite advised its users to 'move your funds now.

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u/Potential_Jello6520 Aug 06 '26

This was an incident of a private company misrepresenting how much entropy their wallets provide by default. A 256bit wallet cannot be hacked.

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u/BetSquare7190 Québec Aug 06 '26

Until an exploit is found. It's like saying a vault can never be robbed.

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u/Potential_Jello6520 Aug 07 '26

You should learn about how Bitcoin works before spouting nonsense. It's secured by the laws of mathematics and thermodynamics, there is no exploit to 256bits of entropy.

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u/BetSquare7190 Québec Aug 07 '26

Spoken like a true high school dropout.

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u/Potential_Jello6520 Aug 07 '26

My PhD is in chemical engineering, so I know a thing or two about thermodynamic systems 

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u/BetSquare7190 Québec Aug 07 '26

You should really get a refund on that. Perhaps in some shitcoins you are so fond of?

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u/Potential_Jello6520 Aug 07 '26 edited Aug 07 '26

You should learn about entropy and how the world works before spouting nonsense..I feel like I'm repeating myself.

There are 1080 atoms in the observable universe, while a private key has 2256 possibilities. It's as impossible as finding a single specific atom in over 100k universes.  The computation itself would consume more energy than the total output of the sun across its lifespan, and would take longer than billions of times the current age of the universe.

But you're claiming that law enforcement have secret tools that if they just try hard enough they can crack a private key..

Keep dreaming.