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CZ: ColdCard Wallet Hacked, Trust Wallet Previously Encountered Similar Vulnerability

2026.08.02 - 00:25

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TechFlow reports, August 2, Binance founder CZ retweeted an incident where a user's Coldcard wallet was attacked on X and stated that Trust Wallet also encountered a similar issue years ago, where due to the use of a pseudo-random number generator (not truly random), it caused a loss of approximately $12 million, but the team covered the users' losses. Software will always have vulnerabilities. The key lies in who is responsible for maintaining it.

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