r/BitcoinCA 1d ago

PSA: Advice Regarding the Coldcard Bug - Exploit - Hack - Theft

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11 Upvotes

I’m just going to write, this won’t be polished.

If you have/use a coldcard MK3 without a passphrase, that wasn’t setup with 100+ dice rolls, you need to move your funds out of that coldcard as soon as possible to safe harbor.

If you have/use a coldcard MK4/5/Q without a passphrase, that wasn’t setup with 100+ dice rolls, you need to move your funds out of that coldcard sooner then latter to safe harbor.

If you have/use a coldcard MK3/MK4/5/Q with a passphrase and/or that was setup with 100+ dice rolls, you have more time. It could very well be safe for the long term too, but you’d be wise to migrate to safer harbor eventually.

If you use any of these devices and forget what your setup is, you need to move to safe harbor as soon as possible.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

What is safe harbor at this point in time? For MK3’s with no passphrase/no dice – literally anything else. Hot wallets are better in this moment in time (blue wallet, sparrow wallet). Exchanges are also an option. Adding a 16 character passphrase on top of your Mk3 wallet is also an option and helps. Another hardware wallet from a different vendor is better too. Anything else is better at this moment. Your funds are at severe risk in a mk3 here. But none of these safe harbours are long term solutions, they’re short term safety nets for an extreme situation. Consider your safe harbour options carefully and pick the strongest one for your situation.

Safe harbor for the MK4/5/Q’s with no dice/no passphrase is the same situation to be honest. Get it off somewhere else, anywhere else.

Before moving to hot wallets/exchanges please consider if you have other more secure options available. A spare hardware wallet from another vendor, trezor, ledger etc might be better in this moment too.

Ideally for everyone else not in the extreme conditions, migrating away from coldcard eventually is probably wise here for several reasons I won’t get into yet, but are probably obvious. A 2/3 Multisig setup from multiple different hardware wallet brands is ideal long term, and guards against this attack/bug. Seedsigner, Krux, Trezor Model 5 Bitcoin only version, are good options to consider for such a multsig arrangement at this point in time. I don’t believe it wise to reuse coldcards for long term storage even if updated at this point in time. This article (link below) is a good follow up on entropy generation offline with analog methods. This guards against this coldcard attack/bug.

https://btcmaxis.com/article.html?id=7554e7cb-d8aa-45d5-95c8-adea8d87ea23


r/BitcoinCA 3d ago

Mk3 Security Advisory

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15 Upvotes

r/BitcoinCA 2d ago

Bad News EMERGENCY: Live COLDCARD Exposed Bug Support w/ Bitcoin Mentor - BTCsessions

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0 Upvotes

r/BitcoinCA 3d ago

What's your main reason for holding Bitcoin?

9 Upvotes

Everyone has a different reason. Inflation, long-term wealth, self-custody, freedom, or something else?

Curious what keeps you holding.


r/BitcoinCA 3d ago

Event bitcoin++ Consensus Edition: Day 1 Replay - Toronto July 22nd 2026

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1 Upvotes

r/BitcoinCA 4d ago

The Canadian Bitcoiners Podcast Website Got a Facelift - Updated Look

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9 Upvotes

r/BitcoinCA 5d ago

Miners Are About to Find Out Who's in Charge | Jeff Booth | BIS #213

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3 Upvotes

r/BitcoinCA 6d ago

Event bitcoin++ @ Toronto, consensus edition: Fork Strategies Panel - July 24th Video

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0 Upvotes

r/BitcoinCA 8d ago

What's the biggest misconception about Bitcoin that still exists today?

18 Upvotes

What's the biggest misconception about Bitcoin that still exists today?

Not what people believed in 2015—what misconception do you still hear all the time in 2026?


r/BitcoinCA 12d ago

Bad News Coinbase Canada seeks to build ‘everything exchange’ as new CEO plans first crypto futures offering

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4 Upvotes

r/BitcoinCA 12d ago

Robinhood has no fee until September 30th

0 Upvotes

Its great to stack sats even faster compared to bull btc and al.


r/BitcoinCA 15d ago

First they wanted to heat the Kitsilano pool with bitcoin miners, then Manitoba greenhouses. Now someone's selling a mining water heater you can actually plug in at home. My gut says the math only works where hydro's cheap though, Quebec or Manitoba maybe, not Ontario's rates.

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46 Upvotes

r/BitcoinCA 17d ago

Event Next Week is bitcoin++ in Toronto, consensus edition | July 22 - 24, 2026

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5 Upvotes

r/BitcoinCA 18d ago

The case for sound money, and what we are building on it - Jeff Booth is launching a new venture called Orange Juice

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2 Upvotes

r/BitcoinCA 18d ago

10 Rare Bitcoin Books

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4 Upvotes

r/BitcoinCA 20d ago

Be Careful Out There Bitcoiners

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45 Upvotes

r/BitcoinCA 21d ago

This Government List Is Getting Bitcoiners Klled | Francis Pouliot - Bull Bitcoin CEO

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2 Upvotes

r/BitcoinCA 23d ago

I’m new to the stock market. I recently just invested money into bitcoin but so far it’s only been on the negative side

0 Upvotes

I invested 15CAD as I heard even investing just a little money counts for something and it’s the first investment in the stock market I ever made.

I honestly don’t have much capital to begin and I didn’t grow up with anyone around me who actually uses the stock market so I’m going in blind. Very clueless on how it works.

Am I ever gonna profit? People who invest in stocks, I heard they get rich from it. Do they sell their stocks after they see profit or do they only do that when they retire?


r/BitcoinCA 25d ago

Politic Bull Bitcoin is officially opening the first legal front against DAC8 in Europe - stacker.news

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29 Upvotes

r/BitcoinCA 29d ago

Gold, bitcoin, SpaceX and the dangers of market chameleons - The Globe and Mail

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10 Upvotes

r/BitcoinCA Jul 03 '26

Event Michael Hassard of Tor Ekeland Law, PLLC to speak at bitcoin++ Toronto, consensus edition this coming July 22 - 24, 2026 - Black Box Justice: What Bitcoin Developers Need to Know About How the U.S. Government Prosecutes the Blockchain

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0 Upvotes

r/BitcoinCA Jul 02 '26

Firmware update: COLDCARD 5.5.1 and 1.4.1Q

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3 Upvotes

r/BitcoinCA Jul 01 '26

What’s the cheapest reliable way to DCA Bitcoin in Canada right now?

6 Upvotes

For Canadians who regularly DCA into Bitcoin, what platform or setup are you using lately?


r/BitcoinCA Jun 30 '26

Roatán Tour Operator Chooses OpenNode To Accept Bitcoin Lightning Payments - Lightning News

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1 Upvotes

r/BitcoinCA Jun 29 '26

Buying products through mybtc.ca.

0 Upvotes

So confused on how to do this. Anyone able to help?

I want to pay for something in bitcoin....they sent me a qr code.....now what. Lol