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oskarth
@oskarth
co-founder @eth_systems, confidential systems for institutional Ethereum | freedom maxi | | built Vac, Waku (@logos_network), @zkmopro | 英文中文都可以
Joined March 2012
728 Following    8.1K Followers
The attack on COLDCARD HW wallet is probably one of the worst ones in crypto history. COLDCARD was seen as one of the most secure and paranoid option for self-custody, with proper airgapping and many security measures. Its users did basically everything right, yet got hacked. A bug in the RNG for how seed phrases are generated, undiscovered for 5 years, meant hackers can re-generate seed phrases on their own. Owning a Mk3 and being on the exposed firmware myself, I was up late last night scrambling to access it and see if I was affected. Luckily, and more by happenstance, my seed predates the RNG bug. First close call on a hack in a long time. But this isn't true for a lot of people, and these people are fucked now despite doing 95%+ of self-custody right. Not hopeless, there are several ways to mitigate these things, but definitely not good. Unlike e.g. previous CEX hacks, this one strikes at the very core of self-sovereignty, self-custody, and what a big part of this technology is about.
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