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Thursday, October 22, 2026Updated 15:38 UTC

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Coinkite Sued After Coldcard Wallet Flaw Exposes $140M in Bitcoin

Source: Bitcoin News · Oct 22, 2026 13:38 UTC

Pile of physical souvenir Bitcoin coins — File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

A five-year-old security flaw in Coldcard hardware wallets has landed manufacturer Coinkite a lawsuit after attackers allegedly drained more than $140 million in bitcoin. The proposed class action claims the devices generated predictable recovery phrases, leaving customers exposed to theft. Coldcard Security Failure Sparks $140M Lawsuit A class action lawsuit filed Sept. 11, 2026, in […]

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