Binance founder CZ recommends users split their Bitcoin funds across multiple wallets following the $70 million Coldcard exploit.

Bitcoin security experts said the unexplained $38 million wallet drain may involve flawed seed-generation entropy, though the cause and any Coldcard link remain unconfirmed.

Coinkite warns Coldcard Mk3 owners of a seed generation risk after reports of $38 million in bitcoin leaving old wallets.