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Move coins from affected COLDCARD wallets and keep device, Adam Back warns

Move coins from affected COLDCARD wallets and keep device, Adam Back warns
Advice for compromised COLDCARD wallets

Adam Back, CEO and Co-Founder of Blockstream, advises users of COLDCARD wallets that have been impacted by sweep attacks to immediately transfer their coins to another hardware wallet, such as Blockstream Jade, Trezor, or Ledger.

Back further cautions those affected not to destroy or discard the compromised device, as it could assist in weakly proving ownership to a whitehat sweeper. He stresses that while users should not get their hopes up, retaining the old device might ultimately be useful.

Back has previously provided commentary for traders in similar technical situations. He recently clarified that recent bitcoin updates address software bugs rather than underlying infrastructure issues in Market understands bitcoin limitations, Adam Back notes. In another instance, he noted strong sentiment among short sellers ahead of a blockchain fork in BLV fork attracts short sellers as cypherpunk summer approaches, Adam Back notes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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