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r/coldcard: calls for the Coinkite CEO to resign

reddit-ceo-resign-calls

https://www.reddit.com/r/coldcard/comments/1vdvs4w/coinkite_ceo_rodolfo_novak_needs_to_resign/

Latest reviewed change

source content difference between and

The Reddit thread gained a new participant comment stating a 3 BTC loss.

seen +8 -0 full history below
 edited: false
 body:
 Someone else will continue. All open source reproducible hardware. 
+
+comment: p2cyg8q
+parent: t3_1vdvs4w
+author: Weary-Discipline591
+created_utc: 1786143428

First lines only. The complete diff is in the timeline below.

Organisation
reddit
Evidence role
Community discussion
Published
not established
Source changes
2
Detected differences
2
Unreviewed
0
Copies held
3

Every check is recorded, including checks that found no text change. A detected edit is therefore bounded between two checks. The publisher's exact save time is not observable from this record. Last checked .

  1. source content difference between and Current source content +8 -0

    The Reddit thread gained a new participant comment stating a 3 BTC loss.

    seen · Captured here 7,530 chars
    What changed from the previous capture 8 lines
     edited: false
     body:
     Someone else will continue. All open source reproducible hardware. 
    +
    +comment: p2cyg8q
    +parent: t3_1vdvs4w
    +author: Weary-Discipline591
    +created_utc: 1786143428
    +edited: false
    +body:
    +Fuck coldcard.  I lost 3 bitcoin because of them.  I hate them.  
    
    Extracted text as captured
    post: 1vdvs4w
    author: Yodel_And_Hodl_Mode
    created_utc: 1785710240
    title: Coinkite CEO Rodolfo Novak Needs To Resign
    body:
    It was malpractice for Coinkite to downplay the severity of the attack on their users' wallets before they could confirm their customers were safe.
    
    Coinkite's initial warning, published July 30, 2026, specifically said:
    
    > “Out of an abundance of caution, Coinkite is warning all users who generated a seed using a Mk3 on version 4.0.1 (March 2021) or any subsequent version that their funds may be at risk.”
    
    > **“Mk4, Q and Mk5 are not affected based on our early analysis of the issue.”**
    
    Coinkite told users their Mk4, Mk5, and Q devices were safe before Coinkite had established that was true.
    
    It was not true.
    
    Coinkite's attempt to downplay the severity of the attack gave owners of MK4, MK5, and Q devices false assurance their coins were safe while also giving thieves more time to work on finding and draining those users' wallets.
    
    Rodolfo Novak is the CEO of Coinkite. He is ultimately responsible for the company's handling of this catastrophe.
    
    Rodolfo Novak needs to resign.
    
    comment: p1cq9cm
    parent: t3_1vdvs4w
    author: No_Position_8581
    created_utc: 1785715567
    edited: false
    body:
    Resign from what they are done. They'll help as much as possible over the next month and then they're out 
    
    comment: p1croem
    parent: t3_1vdvs4w
    author: NiagaraBTC
    created_utc: 1785716025
    edited: false
    body:
    Why dont we see if the company survives the next two weeks before wasting time discussing this. 
    
    comment: p1cta68

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

  2. source content difference between and source content +8 -0

    The Reddit thread gained new participant comments.

    seen · Captured here 7,355 chars
    What changed from the previous capture 8 lines
     edited: false
     body:
     Right
    +
    +comment: p1qxscj
    +parent: t1_p1cv3g7
    +author: the_rich_millennial
    +created_utc: 1785884631
    +edited: false
    +body:
    +Someone else will continue. All open source reproducible hardware. 
    
    Extracted text as captured
    post: 1vdvs4w
    author: Yodel_And_Hodl_Mode
    created_utc: 1785710240
    title: Coinkite CEO Rodolfo Novak Needs To Resign
    body:
    It was malpractice for Coinkite to downplay the severity of the attack on their users' wallets before they could confirm their customers were safe.
    
    Coinkite's initial warning, published July 30, 2026, specifically said:
    
    > “Out of an abundance of caution, Coinkite is warning all users who generated a seed using a Mk3 on version 4.0.1 (March 2021) or any subsequent version that their funds may be at risk.”
    
    > **“Mk4, Q and Mk5 are not affected based on our early analysis of the issue.”**
    
    Coinkite told users their Mk4, Mk5, and Q devices were safe before Coinkite had established that was true.
    
    It was not true.
    
    Coinkite's attempt to downplay the severity of the attack gave owners of MK4, MK5, and Q devices false assurance their coins were safe while also giving thieves more time to work on finding and draining those users' wallets.
    
    Rodolfo Novak is the CEO of Coinkite. He is ultimately responsible for the company's handling of this catastrophe.
    
    Rodolfo Novak needs to resign.
    
    comment: p1cq9cm
    parent: t3_1vdvs4w
    author: No_Position_8581
    created_utc: 1785715567
    edited: false
    body:
    Resign from what they are done. They'll help as much as possible over the next month and then they're out 
    
    comment: p1croem
    parent: t3_1vdvs4w
    author: NiagaraBTC
    created_utc: 1785716025
    edited: false
    body:
    Why dont we see if the company survives the next two weeks before wasting time discussing this. 
    
    comment: p1cta68

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

  3. Earliest copy held
    seen · Captured here 7,178 chars
    Extracted text as captured
    post: 1vdvs4w
    author: Yodel_And_Hodl_Mode
    created_utc: 1785710240
    title: Coinkite CEO Rodolfo Novak Needs To Resign
    body:
    It was malpractice for Coinkite to downplay the severity of the attack on their users' wallets before they could confirm their customers were safe.
    
    Coinkite's initial warning, published July 30, 2026, specifically said:
    
    > “Out of an abundance of caution, Coinkite is warning all users who generated a seed using a Mk3 on version 4.0.1 (March 2021) or any subsequent version that their funds may be at risk.”
    
    > **“Mk4, Q and Mk5 are not affected based on our early analysis of the issue.”**
    
    Coinkite told users their Mk4, Mk5, and Q devices were safe before Coinkite had established that was true.
    
    It was not true.
    
    Coinkite's attempt to downplay the severity of the attack gave owners of MK4, MK5, and Q devices false assurance their coins were safe while also giving thieves more time to work on finding and draining those users' wallets.
    
    Rodolfo Novak is the CEO of Coinkite. He is ultimately responsible for the company's handling of this catastrophe.
    
    Rodolfo Novak needs to resign.
    
    comment: p1cq9cm
    parent: t3_1vdvs4w
    author: No_Position_8581
    created_utc: 1785715567
    edited: false
    body:
    Resign from what they are done. They'll help as much as possible over the next month and then they're out 
    
    comment: p1croem
    parent: t3_1vdvs4w
    author: NiagaraBTC
    created_utc: 1785716025
    edited: false
    body:
    Why dont we see if the company survives the next two weeks before wasting time discussing this. 
    
    comment: p1cta68

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

How to check this yourself

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