GoKawiilColdcard hardware wallet and Liquid Network hit by security failures, exposing user funds
Security researchers reported serious flaws affecting the Coldcard hardware wallet and the Liquid sidechain network, incidents described as among the most damaging breaches in Bitcoin's history. Users who followed standard security practices with these trusted tools were still left vulnerable to losing funds.
GoKawiil's interpretation of the reporting above, not reported fact.
The episode suggests that even widely trusted, security-focused Bitcoin infrastructure can harbor critical weaknesses, which could shake confidence in hardware wallets and sidechains broadly. It may prompt renewed scrutiny of how such systems are audited before being recommended to users as safe.
- Coldcard hardware wallet and Liquid Network both suffered serious security incidents
- Users following recommended security practices were still exposed to losses
- The incidents raise questions about trust in established Bitcoin security infrastructure
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Published there as: “Why the Coldcard and Liquid Network Hacks Were the Worst in Bitcoin’s History”
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