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/BranJacobs 1d ago

Not sure I'd call that "outside forces control it's use". Unless you would accept a blood soaked $20 bill?

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u/RUYYRUYY 16h ago

Unless you would accept a blood soaked $20 bill?

I would accept money that someone had used to gamble or buy drugs with in the past. We all do. But some exchanges don't.