r/Bitcoin: Ledger's article on the incident and its own security model
reddit-ledger-article-relay
https://www.reddit.com/r/Bitcoin/comments/1vem0e3/ledger_article_on_the_coldcard_incident_and_why/
Latest reviewed change
source content difference between and
A participant comment was deleted and replaced with a [removed] marker.
comment: p1idxgk
parent: t3_1vem0e3
-author: 2shyofa3sum
+author: [deleted]
created_utc: 1785786076
edited: false
body:
First lines only. The complete diff is in the timeline below.
- Organisation
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- Community discussion
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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 .
This post is held twice: here, with this project's own note on why it matters, and again as part of the conversation captured at , which is polled for changes. Both copies are the same post; neither is a separate event.
Snapshot and diff bodies for this chain monitor are held in the local evidence archive but withheld from the public site because they can contain the addresses of people who published nothing themselves. Capture times and reviewed change summaries remain available below.
Held captures
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A participant comment was deleted and replaced with a [removed] marker.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 10 lines
comment: p1idxgk parent: t3_1vem0e3 -author: 2shyofa3sum +author: [deleted] created_utc: 1785786076 edited: false body: -Still safe? - -Unless they leak their customer database. - -Or they reveal they can help you out if you lose your seed (because they always had a backdoor that all the "experts" didn't even know about). - -But sure, trust them with your bags. +[removed] comment: p1iejxt parent: t1_p1idxgkExtracted text as captured
post: 1vem0e3 author: jonathansj created_utc: 1785782418 title: Ledger article on the Coldcard incident and why ledger is still safe body: Link: https://www.ledger.com/blog-coldcard-incident **TL;DR** Ledger explains that the recent Coldcard incident was caused by a **firmware bug that weakened the randomness used to generate recovery seeds**, making some seed phrases predictable to attackers. **Updating the firmware alone is not enough** if your wallet was initialized with affected firmware. Users must **generate a brand-new seed phrase and move their funds** to a new wallet. Reusing the old seed on another device does not fix the issue. Ledger says this vulnerability is **specific to the affected Coldcard firmware** and does **not** affect Ledger devices. The incident is a reminder that **secure seed generation is critical** for any hardware wallet, and users should keep firmware up to date and follow good security practices. comment: p1i0i4v parent: t3_1vem0e3 author: The_Bitcoin_Act created_utc: 1785782577 edited: false body: Interesting! comment: p1i19rz parent: t3_1vem0e3 author: goatanuss created_utc: 1785782776 edited: false body: This is hilarious. I remember when that news came out that ledger was going to let you extract your private keys or share it or something, this subreddit lost their damn minds and it was like thread after thread after thread about people saying ledger was shit and insecure and if you’re smart move to coldcard. I bought one at that time but never actually moved my crypto to it. Glad I didn’t comment: p1i21p1 parent: t3_1vem0e3 author: angelwolf71885 created_utc: 1785782976 edited: false body: Funny coming from the company that can recover your seed phrase if you “ forget “ your seed phraseExcerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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New comment by BruceLee2112 asking what the current go-to wallet is, in reply to a comment speculating about Ledger as cover.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 10 lines
edited: false body: This might be cover from Ledger. The situation can be a person migrating weak CC keys directly to a Ledger device, without generating new keys. Next thing you know everything blows up on Ledger for the same people losing their stash. + +comment: p22dixu +parent: t1_p1i6afu +author: BruceLee2112 +created_utc: 1786026033 +edited: false +body: +what is the current go to? + +Extracted text as captured
post: 1vem0e3 author: jonathansj created_utc: 1785782418 title: Ledger article on the Coldcard incident and why ledger is still safe body: Link: https://www.ledger.com/blog-coldcard-incident **TL;DR** Ledger explains that the recent Coldcard incident was caused by a **firmware bug that weakened the randomness used to generate recovery seeds**, making some seed phrases predictable to attackers. **Updating the firmware alone is not enough** if your wallet was initialized with affected firmware. Users must **generate a brand-new seed phrase and move their funds** to a new wallet. Reusing the old seed on another device does not fix the issue. Ledger says this vulnerability is **specific to the affected Coldcard firmware** and does **not** affect Ledger devices. The incident is a reminder that **secure seed generation is critical** for any hardware wallet, and users should keep firmware up to date and follow good security practices. comment: p1i0i4v parent: t3_1vem0e3 author: The_Bitcoin_Act created_utc: 1785782577 edited: false body: Interesting! comment: p1i19rz parent: t3_1vem0e3 author: goatanuss created_utc: 1785782776 edited: false body: This is hilarious. I remember when that news came out that ledger was going to let you extract your private keys or share it or something, this subreddit lost their damn minds and it was like thread after thread after thread about people saying ledger was shit and insecure and if you’re smart move to coldcard. I bought one at that time but never actually moved my crypto to it. Glad I didn’t comment: p1i21p1 parent: t3_1vem0e3 author: angelwolf71885 created_utc: 1785782976 edited: false body: Funny coming from the company that can recover your seed phrase if you “ forget “ your seed phraseExcerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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Three comments were removed, including claims about Ledger's secure element and seed export, and a statement about open-source code and backdoors.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 30 lines
body: passphrase with high entropy. Pass phrases with low entropy are already being drained -comment: p1jvn6t -parent: t1_p1iyq5t -author: SideOk1317 -created_utc: 1785801417 -edited: false -body: -you didn't lose money though - -comment: p1k1inn -parent: t1_p1i33zu -author: OldHamburger7923 -created_utc: 1785803318 -edited: false -body: -The current issue doesn't mean the previous complaint isn't valid and justified. - -Also the secure element is closed source so you can't know if there is a backdoor in their implementation. - -Remember the secure element was supposed to prevent seed export then we found out it can export the seed, to the cloud no less. - -Only thing op proves is that people are boneheads. - -comment: p1k1yi1 -parent: t1_p1iqhnm -author: OldHamburger7923 -created_utc: 1785803461 -edited: false -body: -Open source doesn't guarantee exploit and bug free. But it does mean backdoors are less easy/likely since any code change is in public view. - comment: p1kgpvw parent: t1_p1iqhnm author: TheSlameExtracted text as captured
post: 1vem0e3 author: jonathansj created_utc: 1785782418 title: Ledger article on the Coldcard incident and why ledger is still safe body: Link: https://www.ledger.com/blog-coldcard-incident **TL;DR** Ledger explains that the recent Coldcard incident was caused by a **firmware bug that weakened the randomness used to generate recovery seeds**, making some seed phrases predictable to attackers. **Updating the firmware alone is not enough** if your wallet was initialized with affected firmware. Users must **generate a brand-new seed phrase and move their funds** to a new wallet. Reusing the old seed on another device does not fix the issue. Ledger says this vulnerability is **specific to the affected Coldcard firmware** and does **not** affect Ledger devices. The incident is a reminder that **secure seed generation is critical** for any hardware wallet, and users should keep firmware up to date and follow good security practices. comment: p1i0i4v parent: t3_1vem0e3 author: The_Bitcoin_Act created_utc: 1785782577 edited: false body: Interesting! comment: p1i19rz parent: t3_1vem0e3 author: goatanuss created_utc: 1785782776 edited: false body: This is hilarious. I remember when that news came out that ledger was going to let you extract your private keys or share it or something, this subreddit lost their damn minds and it was like thread after thread after thread about people saying ledger was shit and insecure and if you’re smart move to coldcard. I bought one at that time but never actually moved my crypto to it. Glad I didn’t comment: p1i21p1 parent: t3_1vem0e3 author: angelwolf71885 created_utc: 1785782976 edited: false body: Funny coming from the company that can recover your seed phrase if you “ forget “ your seed phraseExcerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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1 new Reddit comment was posted, including omsriver.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 8 lines
edited: false body: why dont they just use electrum? curious here + +comment: p1n6559 +parent: t3_1vem0e3 +author: omsriver +created_utc: 1785848730 +edited: false +body: +This might be cover from Ledger. The situation can be a person migrating weak CC keys directly to a Ledger device, without generating new keys. Next thing you know everything blows up on Ledger for the same people losing their stash.Extracted text as captured
post: 1vem0e3 author: jonathansj created_utc: 1785782418 title: Ledger article on the Coldcard incident and why ledger is still safe body: Link: https://www.ledger.com/blog-coldcard-incident **TL;DR** Ledger explains that the recent Coldcard incident was caused by a **firmware bug that weakened the randomness used to generate recovery seeds**, making some seed phrases predictable to attackers. **Updating the firmware alone is not enough** if your wallet was initialized with affected firmware. Users must **generate a brand-new seed phrase and move their funds** to a new wallet. Reusing the old seed on another device does not fix the issue. Ledger says this vulnerability is **specific to the affected Coldcard firmware** and does **not** affect Ledger devices. The incident is a reminder that **secure seed generation is critical** for any hardware wallet, and users should keep firmware up to date and follow good security practices. comment: p1i0i4v parent: t3_1vem0e3 author: The_Bitcoin_Act created_utc: 1785782577 edited: false body: Interesting! comment: p1i19rz parent: t3_1vem0e3 author: goatanuss created_utc: 1785782776 edited: false body: This is hilarious. I remember when that news came out that ledger was going to let you extract your private keys or share it or something, this subreddit lost their damn minds and it was like thread after thread after thread about people saying ledger was shit and insecure and if you’re smart move to coldcard. I bought one at that time but never actually moved my crypto to it. Glad I didn’t comment: p1i21p1 parent: t3_1vem0e3 author: angelwolf71885 created_utc: 1785782976 edited: false body: Funny coming from the company that can recover your seed phrase if you “ forget “ your seed phraseExcerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 0 lines
Extracted text as captured
post: 1vem0e3 author: jonathansj created_utc: 1785782418 title: Ledger article on the Coldcard incident and why ledger is still safe body: Link: https://www.ledger.com/blog-coldcard-incident **TL;DR** Ledger explains that the recent Coldcard incident was caused by a **firmware bug that weakened the randomness used to generate recovery seeds**, making some seed phrases predictable to attackers. **Updating the firmware alone is not enough** if your wallet was initialized with affected firmware. Users must **generate a brand-new seed phrase and move their funds** to a new wallet. Reusing the old seed on another device does not fix the issue. Ledger says this vulnerability is **specific to the affected Coldcard firmware** and does **not** affect Ledger devices. The incident is a reminder that **secure seed generation is critical** for any hardware wallet, and users should keep firmware up to date and follow good security practices. comment: p1i0i4v parent: t3_1vem0e3 author: The_Bitcoin_Act created_utc: 1785782577 edited: false body: Interesting! comment: p1i19rz parent: t3_1vem0e3 author: goatanuss created_utc: 1785782776 edited: false body: This is hilarious. I remember when that news came out that ledger was going to let you extract your private keys or share it or something, this subreddit lost their damn minds and it was like thread after thread after thread about people saying ledger was shit and insecure and if you’re smart move to coldcard. I bought one at that time but never actually moved my crypto to it. Glad I didn’t comment: p1i21p1 parent: t3_1vem0e3 author: angelwolf71885 created_utc: 1785782976 edited: false body: Funny coming from the company that can recover your seed phrase if you “ forget “ your seed phraseExcerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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