
The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow
By Danny Knowles
Aired Aug 21, 2026 · 1h 23m · Last boosted 1h ago
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Show Notes
“They’re saving all their money in Bitcoin and they’re doing all the right things. They’re self-custodying it. And then overnight, it’s just gone.” Frostsnap’s Lloyd Fournier and Nick Farrow join me to break down the catastrophic Coldcard vulnerability that made supposedly secure Bitcoin keys guessable and allowed attackers to drain more than 1,700 BTC without ever touching the devices. We discuss how a five-year failure in Coldcard’s randomness generation went undetected, why every safeguard failed and the role AI played in discovering and exploiting the bug. Nick also explains how he reproduced th...
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Everything you need to know... Except any kind of information regarding the CTO updating the critical codebase and talking to himself under a nym using the same keys. Nor any information on just what the hell Novak and Grey are up to now. Still at least you can have a laugh about it and congratulate yourselves on running the hack for your own amusement. Disappointing.
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Great work @npub1fr0styg50xrcq9hs27wkm43kd56h6nr4lln746m304vfxadqganslul2sa @npub1j8d6h8mzvc8f2fvysrf09nlkmn7m2ylj32zl5na4tm5e8fd5dqysrg26k2 🤘
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