Coldcard Co founder Deletes Posts as $130M Theft Continues

Rodolfo Novak, the co founder of the hardware wallet maker Coinkite, has begun deleting a string of social media posts. The deletions arrive during a period of intense scrutiny for the company. Hackers recently discovered a flaw in how Coldcard wallets generate private keys, leading to the theft of over $130 million in Bitcoin from customers. This security gap allows attackers to brute force keys due to insufficient entropy.

Observers have noted that several older posts from Novak have disappeared from his X account. Some critics allege that Coinkite is also removing historical security disclosures from its official website, though the company has disputed these claims. Among the deleted content is a post where Novak previously warned about potential backdoors in competing hardware products.

While Novak has kept some posts, such as his initial apology regarding the security failure, the selective deletion of his history has fueled frustration within the community. Competitors and developers are now working to archive existing posts and documentation to preserve evidence of the company's past statements.

For those affected by the theft, the situation remains dire. Users are closely monitoring the company's actions and public statements to see how they plan to address the ongoing losses. Traders and wallet users should verify their security setups and follow updates regarding potential recovery or remediation efforts.