Coinkite warns Coldcard Mk3 users after reported 594 BTC theft
Bitcoin hardware wallet manufacturer Coinkite has issued a security warning for users of its legacy Coldcard Mk3 device following reports of a 594 BTC theft. To mitigate potential vulnerabilities, the firm urges affected users to immediately create a unique BIP-39 passphrase directly on their hardware unit and transfer their funds to the newly generated secure address to protect their assets from unauthorized access.
Key takeaways
- 1Coinkite issued a security warning for legacy Coldcard Mk3 hardware wallet users.
- 2The alert follows reports of a security breach involving 594 BTC in stolen funds.
- 3Users are advised to set a BIP-39 passphrase and migrate their funds immediately.
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Why it matters
Hardware wallet security warnings highlight potential device vulnerabilities, reminding self-custody investors to follow manufacturer protocols to protect funds from theft.
Discussion
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