Coinkite Warns Coldcard Mk3 Users After BTC Theft Reports

Crypto hardware wallet manufacturer Coinkite has issued an urgent warning to users of the Coldcard Mk3 device. The advisory comes after reports surfaced about thefts involving 594 Bitcoin. Security remains a top priority for hardware wallet owners, especially when older devices are targeted.

To protect funds, Coinkite recommends that Mk3 users create a strong and unique BIP 39 passphrase directly on the device. Users should then move their funds to the newly created wallet. Taking these steps helps secure assets against potential vulnerabilities.

Traders and holders should always stay alert regarding hardware security. Keeping device firmware updated and following manufacturer advice is essential. Watch for any further updates from Coinkite regarding the investigation and recommended safety steps.