Coldcard Security Crisis and White House Crypto Summit Set Stage for Critical Week

Chain Reaction by Capital Copilot · Aug 18, 2026 · 3m · transcript

Bitcoin holds near sixty-four thousand one hundred forty-six dollars as the crypto industry faces a critical week of regulatory meetings and security revelations. A five-year-old firmware bug in Coldcard hardware wallets has enabled thieves to steal over one hundred million dollars from approximately seventy-three hundred addresses, exposing how weak randomness in seed generation reduced encryption strength from one hundred twenty-eight bits to as low as seventy-two bits. The vulnerability raises fundamental questions about Bitcoin's 'don't trust, verify' ethos as even open-source code failed…