Coldcard $38M Drain Highlights Security Risks
Summary
In DIAM this announcement covers a reported Coldcard Mk3 seed generation flaw that allowed attackers to drain about $38 million in Bitcoin. It emphasizes that weak randomness can break security and argues infrastructure must be built for future unknown risks. DIAM highlights Diamantes approach to quantum-proof, architecture-first security for Layer 1 networks.
Another $38 million in Bitcoin gone.
This week, a flaw in the Coldcard Mk3's seed generation process reportedly allowed attackers to drain an estimated $38 million in Bitcoin. The issue wasn't a broken cryptographic algorithm, it was the randomness used to generate wallet seeds.
It's a reminder that security is only as strong as its weakest layer.
You don't lose trust because one component fails.
You lose trust because every component depends on the one beneath it.
That's why infrastructure deserves more attention than features.
The strongest systems aren't designed around today's known risks.
They're designed with the expectation that tomorrow will reveal new ones.
Security isn't something you bolt onto a network later.
It has to be part of the architecture from day one.
That's the philosophy behind Diam.
We've spent years building infrastructure designed to withstand the next generation of security challenges, not just the ones we already know about.
Because history shows that the most expensive vulnerabilities are often the ones nobody thought to look for.
https://x.com/i/status/2083116267301421073
$38M in Bitcoin Drained by Coldcard Key Flaw Its Maker Thinks AI Found
https://t.co/5F7s7lnweq
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