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EN
Bitcoin hardware wallet maker destroys some inventory after more than $88 million stolen
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The Record from Recorded Future News
The company behind a popular hardware wallet for bitcoin owners was forced to destroy part of its inventory after thieves siphoned more than $88 million from customers through a firmware vulnerability.
Canadian company Coinkite said it destroyed its remaining inventory of Coldcard devices following reports last week that customers were being robbed of their bitcoin.
“We destroyed our remaining COLDCARD inventory manufactured with the vulnerable firmware, and shipment was halted when the vulnerability was confirmed.”
The company cannot ship units “with affected firmware and risk users missing the upgrade.”
“The safest action was to destroy all the affected inventory and ship only those with the new fixed firmware,” they explained.