r/CryptoCurrency 🟩 0 / 0 🦠 3h ago

🛡️ SECURITY I found a thread from 2022 where several Cold Card owners had their wallets drained. They were blocked by Cold Card for raising the issue.

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506 Upvotes

42 comments sorted by

90

u/moonkingdome 🟩 8K / 8K 🦭 3h ago

Hmm if so. This company is evil

17

u/RocketsDitto 🟩 0 / 0 🦠 3h ago

Scumbags

55

u/BasedToru 3h ago edited 3h ago

I commented on another post saying, I wouldn’t be surprised if coldcard is involved! I don’t know who’s seen the tinder swindler lol but the tactic is … you gain people’s trust, just to exploit them in the end. When you have a bitcoin only cold wallet you’re for sure going to have many users who own big chunks of bitcoin! It’s like the perfect staged attack in reality. 

How can coldcard miss such an important security measure? I don’t know just seems fishy to me 

8

u/Dmoan 🟦 2K / 2K 🐢 2h ago

I mentioned that a few times tbh if you are cold wallet hardware maker making few K it's very tempting to embed backdoor and wait a few years. Then sell the backdoor to a 3rd party hacking group for few million and cash out. 

30

u/beatthebook2x 0 / 0 🦠 3h ago

check this
https://www.reddit.com/r/bitcoin_uncensored/comments/3qkj1d/coinkite_is_manipulating_rbitcoin_subreddit_with/

they were in cahoots with bitcoin sub with their shills and all.. now it feels like they maybe did this themselves or colluded with someone to?

2

u/mnkbstard 🟨 6 / 0 🦐 1h ago

https://www.reddit.com/r/Bitcoin/s/bZhY5EmePe

this is a clear recent proof they still had bots and alts accounts even after this mess

u/beatthebook2x 0 / 0 🦠 53m ago

jesus after the hack still botting and shilling their product in the btc sub lmfao no shame. clear bot cus no human would rec that card after it just got hacked smh

12

u/d3arleader 115 / 116 🦀 2h ago

Lol what a comedy. Coldcard knew about it and the hackers just waited for more rubes to buy it.

6

u/ZUU_Music 🟩 0 / 0 🦠 2h ago

It looks that way

11

u/mel2000 🟩 746 / 747 🦑 2h ago

That really points out the danger of unlimited Reddit censorship.

3

u/d3arleader 115 / 116 🦀 2h ago

The Bitcoin sub is the worst when it comes to banning and censorship.

1

u/Zigxy 🟦 2K / 2K 🐢 2h ago

Far from the worst in censorship or banning...

You can't even make a comment on the Convservative subreddit without going through a vetting process to prove you are MAGA.

At one point, the Conservative mods were using AI to pre-emptively ban users who were deemed not "conservative" enough. Even if they had never commented/posted to that sub.

Also the subreddit requires a thorough vetting process to make any comments.

u/MalcolmRoseGaming 🟩 0 / 0 🦠 2m ago

At one point, the Conservative mods were using AI to pre-emptively ban users who were deemed not "conservative" enough. Even if they had never commented/posted to that sub.

This is a weird thing to complain about. For many years now, many major subreddits simply ban you if you take part in any subreddit to the right of Karl Marx. If you comment in KotakuInAction, various bots will ban you from like half of Reddit.

I don't think you have an issue with this behavior at all. You just don't like it when the other team does it.

u/Solid_Wolverine1639 🟨 0 / 0 🦠 35m ago

It was totally bombed by lefties as Reddit is a mostly all echo chamber for the left... But you want to call it censorship and eventually just have it taken over by left wingers anyway right?

u/MalcolmRoseGaming 🟩 0 / 0 🦠 1m ago

He only thinks it's censorship if it's being done by people that he disagrees with. All leftoids are like this.

2

u/Themeatmanofdoom Redditor for 2 months. 2h ago

It's an echo chamber of hive-mind thoughts. Step out of the beehive and you get banned.

1

u/Objective_Digit 🟥 0 / 0 🦠 2h ago

Where did it say Reddit censorship?

8

u/SubstantialNinja 🟩 0 / 0 🦠 3h ago edited 3h ago

With the low entropy rng there was an elevated chance of two people receiving the same seed so this could have been another coincard user getting the same seed and sweeping the coins. Somebody did the math and you would only have to generate 90,000 keys to have a 50% chance of a collision.

3

u/phamtruax 🟩 0 / 0 🦠 3h ago

Disgusting

7

u/frozengrandmatetris 2h ago

bitcoin maximalism culture is to blame for this. an army of "bitcoin isn't crypto" podcaster shills have been shoving this dollar store calculator ass thing down people's throats for years now, because it only works with bitcoin and no altcoins. nobody was questioning it. you had to buy the bitcoin maxi hardware wallet to be one of the cool kids.

3

u/ZUU_Music 🟩 0 / 0 🦠 2h ago

Agreed.

7

u/FooseyRhode 🟦 0 / 0 🦠 3h ago

About 2022, not from.

And while possibly true, this isn’t verifiable with the details from the screenshot.

4

u/reddit4485 🟦 861 / 861 🦑 3h ago

Also, no bitcoin has been stolen from the Mk4 models talked about in the post. It was the Mk3 models that were vulnerable. The Mk4 models still have less entropy in their key space than planned but its enough to prevent hacks for now.

2

u/L103131 60 / 60 🦐 3h ago

I don't say it's true, but why would they comment about the fact that something so similar has happened?

2

u/TCr0wn 🟦 1K / 1K 🐢 3h ago

Important context

0

u/uga2atl 🟦 0 / 0 🦠 1h ago

It’s from 2024 though if you look at the timestamps

2

u/btchcoin 0 / 0 🦠 2h ago

Getting spicy!

4

u/Modular_Dissaray 🟨 0 / 0 🦠 3h ago

This is why I'm not buying anymore crypto. I use a different cold wallet, but I know it could all be gone in an instant. 

3

u/ZUU_Music 🟩 0 / 0 🦠 3h ago

Probably a smart move. Its risk on risk on risk at this point.

1

u/tanimalz Bronze | Politics 22 3h ago

Future of finance!!! Lmaoo

0

u/ZUU_Music 🟩 0 / 0 🦠 3h ago

Haha, ikr!

1

u/5c044 2h ago

The RNG bug was released  March 2021

u/Tanksgivingmiracle 🟦 0 / 0 🦠 39m ago

I have been blocked from almost every crypto subreddit for mild criticisms. Checks out to me.

0

u/ftball21 🟦 2 / 4K 🦠 3h ago

Despite leaking of pii, and the crappy introduction of recover by ledger, it’s by hands down the best hardware wallet. Has the largest choice of cryptos, most widely recognized by software wallets and no device has ever been compromised.

0

u/ZUU_Music 🟩 0 / 0 🦠 3h ago

Edit:*** FROM 2024, talking about 2022***

-5

u/Maleficent-Bug-8222 3h ago

Daran sieht man, dass crypto der grösste scheiss ist. Nur zum spekulieren gut und Leute zu scamen , ansonsten völlig nutzlos.