There's plenty of incentive to steal Bitcoin. It could have been any number of people.

Not been a good year for hardware wallet for sure

me. I also think there is a non zero percent chance the same is true of the cold card hack.

anyone that is not the ultimate holder of the coins and arguably not the owners of the company has an incentive to supply chain attack the devices. That ranges from state attacks to the mob, all the way down to assembly workers and carriers. You point out asubset of the possible attackers.

Which state?

🙋‍♂️