The Coldcard Seed Heist & BIP-110's Flag Day
Details
Two stories this week, and both of them are homework.
**First, the Coldcard seed heist.** A firmware bug that sat unnoticed since March 2021 quietly routed seed generation to a predictable software RNG. On July 30, attackers used it to drain over 1,000+ BTC from air-gapped wallets in 41 minutes — no malware, no phishing, they just regenerated the seeds offline. The running total has passed $130M, the largest Bitcoin theft of 2026. Wednesday night we walk it end to end, the same way the slides do:
- What actually broke (the bug is two characters wide — you'll want to see it)
- Whether YOUR wallet is affected, in plain words
- The migration, step by step: spinning up a fresh wallet in Sparrow or BlueWallet and moving your coins the careful way
- Hardening while you're in there: passphrases, real dice rolls, Shamir backup shares, multisig
- And my own take on what this week means for hardware wallets. I'll say it plainly and you're welcome to argue with me
**And if you want help, you get help — free.** If migrating funds feels over your head, don't sit on it. Book a time with me: https://cal.com/maxsikorski/15min. Use the free 15-minute slot, and we'll take as long as we need to get your coins somewhere safe. No charge, no catch. That's what this group is for.
**Second, BIP-110's flag day** — roughly Friday, at block 961,632. We've tracked this since June and this is the week it resolves. We'll have a live signaling dashboard on screen updating as we talk, and we'll cover: why voluntary lock-in is now mathematically impossible, what mechanically happens when enforcing nodes start rejecting blocks, what to do (and NOT do) with your coins if a fork chain actually survives — hint: never type your seed into a "claiming" site — and which node software to run through the window.
The usual format: live market dashboard to open, ~20 minutes of curated slides, then open discussion. Bring your questions and your skepticism.
📍 Zoom — RSVP to attend with Zoom link
🕗 Wednesday, August 5 — 8PM EST (7PM CST), same time every week
📚 Slides and archive: https://maxsikorski.github.io/bitcoin-nostr-weekly-news
