Cold Card's Exploit, Strategy's $5B Bitcoin Sale Plan, and The Clarity Act's Race Against Time
Good now revolutionaries— RUMS 551 is Alex + Will hosting on the biggest cold-storage exploit of the year: the Cold Card wallet RNG vulnerability. Cold Card's random-number-generator check in firmware only verified that an RNG existed — not that it was actually working. When it didn't work, the device generated deterministic (crackable) seed phrases that a computer with enough compute could guess. The attack is ONGOING. It originally hit MK III, MK IV is now being attacked, and it's "only a matter of time before the entire line of Cold Cards gets attacked." Air-gapped hardware means nothing…
The skinny
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