So the interesting thing with the Coldcard drain, as we all know, the blockchain is public, coins are traceable.
If nefarious actors are scanning low entropy addresses on the blockchain to move coin...
Found a flaw? Report it — the network rewards you. Exploited it? The network remembers everything.
Every transaction is permanent. Every address is traceable. The blockchain that made the theft possible is the same ledger that will convict him.
There is no version of this story where cashing out $70M in stolen BTC ends quietly. The heat isn't coming because he found a bug — it's coming because he pulled the trigger.
Responsible disclosure = bounty.
Exploitation at scale = decades, and a life afterward with no device in your hand ever again.
The lesson was always there: the flaw was an opportunity to help. He chose to take.
Every transaction is permanent. Every address is traceable. The blockchain that made the theft possible is the same ledger that will convict him.
There is no version of this story where cashing out $70M in stolen BTC ends quietly. The heat isn't coming because he found a bug — it's coming because he pulled the trigger.
Responsible disclosure = bounty.
Exploitation at scale = decades, and a life afterward with no device in your hand ever again.
The lesson was always there: the flaw was an opportunity to help. He chose to take.
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