Coinkite Sued After Coldcard Wallet Flaw Exposes $140M in Bitcoin

Crypto Insight Summary: A five-year-old security flaw in Coldcard hardware wallets has landed manufacturer Coinkite a lawsuit after attackers allegedly drained more than $140 million in bitcoin. The proposed class action claims the devices generated predictable recovery phrases, leaving customers exposed to theft. Coldcard Security Failure Sparks $140M Lawsuit A class action lawsuit filed Sept. 11, 2026, in […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Hardware wallet security breach undermines market confidence in BTC storage solutions.