A flaw in the random number generator of popular Coldcard hardware wallets has exposed five years of private keys, allowing hackers to drain millions from users who believed their assets were safely in cold storage. The attack challenges the core tenets of crypto self-custody.
The tape Bankless · Aug 7
“Apparently the way that Coldcard was generating seed phrases was imperfect in its randomness, as in it had like a kink or a flaw in its randomness generation that allowed for AI to like detect that pattern and reduce the scope of how much randomness it would need to do.”
July's shocking jobs report missed expectations by over 100,000, while wage growth ground to a halt. The data points to a rapidly cooling labor market, shifting the debate at the Federal Reserve away from rate hikes.
While the US naval fleet shrinks below its congressionally mandated size, China can now build 23 million gross tons of ships annually to America's 100,000. '30 years ago, the Chinese Navy was a lateral backwater navy. Today, they have nuclear submarines, aircraft carriers, hypersonic missiles.'