Coldcard’s $116M seed exploit reignites debate over NVK’s security defense
AI summary
Coinkite CEO NVK has reignited debate over a $116 million exploit tied to Coldcard's seed-generation process, defending the company's security reviews and arguing that a new AI model caught a defect human reviewers missed. The dispute centers on how a flaw in seed generation could have enabled the loss, raising questions about hardware wallet security assurance. Traders holding bitcoin in self-custody may reassess hardware wallet risk and vendor review practices after a nine-figure exploit.
