Coldcard Owners Bracing for $38M Bitcoin Loss After Coinkite Warning

Coinkite has issued a warning to owners of Coldcard Mk3 hardware wallets after reports emerged of a $38 million Bitcoin loss.

The company advised users to take immediate action and follow best practices to secure their funds, including enabling two-factor authentication and keeping their wallet's firmware up-to-date.

Coldcard is a popular hardware wallet that stores private keys offline, making it a more secure option for cryptocurrency holders. However, the reported loss has raised concerns about the potential vulnerabilities in the device's design or user error.