$88M Coldcard Hack Sparks Fury at Coinkite Over Retained Customer Emails

Coinkite is facing backlash for retaining customer emails after a major security breach involving $88 million in funds from Coldcard users. The hack occurred on February 8, with losses totaling over 4,000 BTC. An investigation by the company found that the breach was due to unauthorized access to user email accounts.

Coinkite claims they did not directly access the emails but instead relied on the information provided to them by customers. This move has raised concerns about data protection and customer trust in the platform.

Coldcard users are now pushing for Coinkite to take responsibility for their actions and implement stronger security measures to prevent future breaches. The incident highlights the importance of robust security protocols in protecting user assets in the crypto ecosystem.