Breaking down the Coldcard Incident | Josh | The Bitcoin Nova #104

<p>The Bitcoin self-custody disaster that rocked the space — and what it reveals about trust, verification, and the future of crypto security </p>

<p>A catastrophic vulnerability in one of the most trusted Bitcoin hardware wallets has caused over $100 million in losses, catching even the most diligent self-custody advocates off guard. In this urgent episode, seasoned security researcher Josh (secsovereign) shares an insider’s perspective on how a series of seemingly small technical choices led to the worst disaster in Bitcoin’s self-custody history — and why it’s a wake-up call for everyone holding Bitcoin today. </p>

<p>You’ll discover: </p>

<p>How a firmware switch from open source to a murky “verifiable” label concealed serious security flaws </p>

<p>The overlooked risks of relying solely on source code and community reputation instead of actual audits </p>

<p>The role of license changes, internal retaliation, and insufficient vetting in enabling a multi-million dollar theft </p>

<p>Whether AI played a part in uncovering or hiding vulnerabilities — and what future automation might mean for Bitcoin security </p>

<p>Practical steps to protect your Bitcoin through minimal trust setups like passphrase separation and multi-sig strategies </p>

<p>How the community is responding, what’s being destroyed, and what this reveals about governance in the Bitcoin ecosystem </p>

<p>This episode is a must-listen for anyone serious about true security and sovereignty — whether you’re a seasoned hodler or new to Bitcoin self-custody. With raw insights, technical deep-dives, and a call for greater oversight, Josh guides us through a painful yet vital lesson: in Bitcoin, trust must be verified. If you want your Bitcoin to stay safe amid rolling vulnerabilities, don’t miss this essential discussion. </p>

<p>Guest: Josh (secsovereign) is a respected Bitcoin security researcher, always digging into the intricacies of consensus and hardware wallet safety, and offering practical advice to build a more resilient ecosystem. </p>

<p>Stay informed, protect your assets, and build a future where trust is earned, not assumed. Hit play now. </p>