A Canadian entrepreneur has suffered a devastating loss after hackers drained more than $1.6 million CAD ($1.2M US) in Bitcoin from his offline wallet in just seven minutes. Jonathan Goodman believed his funds were entirely secure. He stored his private keys on a Coldcard hardware wallet kept inside a bank safety deposit box. The device had never touched the internet. His setup was textbook practice for cold storage asset protection.
Yet physical vaults proved useless against a flaw embedded in the device code years earlier.
