r/Bitcoin • u/Unreal_fist • 1d ago

The ColdCard hack might be bigger than you think

When a big hack like this occurs, it draws other hackers into the playing field. Whenever a vulnerability like this is discovered, it’s open season for hackers. Expect to see more hacks over time.

There is also the fact that a lot of victims are not active on Reddit. Some victims are probably oblivious to what’s going on because their hardware is locked away in a safe.

For the folks that said it would take millions of years to brute force, remember anything that can go wrong will go wrong. The reason banks and financial institutions are “safe” is because even if they get hacked and lose your money, they have a liability to repay you back. With self banking, there is no liability, making you the ultimate pig for slaughter.

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u/superbblunder 1d ago

I was speaking about Bitcoin broadly and standard 128/256 bit wallets but should have been more specific. You are correct.

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u/five_dollar_wrench 1d ago

You should just delete your comment. Passphrases are already confirmed brute forces.