Lawsuit Filed Against Coinkite After Coldcard Wallet Flaw and $140 Million Bitcoin Theft

A lawsuit claims Coldcard devices contained a security flaw that undermined the device's core purpose of protecting bitcoin by generating secret recovery phrases. The lawsuit follows the theft of about $140 million in bitcoin.

AI-written summary of 2 sources; every verified point is backed by a verbatim quote. How Iyan works

• The class action was filed in the Ontario Superior Court of Justice by Amir Reza Naderi.

  «قدم أمير رضا نادري دعوى جماعية أمام محكمة مقاطعة أونتاريو العليا ضد شركة Coinkite»

  Cryptopolitan
• The lawsuit names the company and its founders, Rodolfo Novak and Peter De Gray.

  «ضد شركة Coinkite والمؤسسين رودولفو نوفاك وبيتر دي غراي»

  Cryptopolitan
• According to the allegations, the founders ignored a warning about the device that they received in May 2025.

  «تجاهل المؤسسان تحذيرًا بشأن الجهاز تلقياه في مايو 2025»

  Cryptopolitan

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