Bitcoin Forum
August 01, 2026, 02:55:22 AM *
News: COLDCARD users only: critical vulnerability risks funds stored on COLDCARD devices; immediate action required
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What is the way forward now?  (Read 95 times)
VRExpress (OP)
Member
**
Offline

Activity: 296
Merit: 27


View Profile
July 31, 2026, 08:24:17 PM
 #1

Is it possible to still use passphrase on a already generated seed phrase using a hardware wallet?
With the way things are going now nothing is certain anymore.

The person who is responsible for this coldcard hack have gotten themselves into trouble because I believe that those Bitcoin would end up been useless for the hacker and the owners, this will be a full 200% manhunting.

I'm just trying to be careful and my Keystone wallet is showing that I can add passphrase under settings but I'm not sure what to do, I just extra security later, anyone using Keystone?
OmegaStarScream
Staff
Legendary
*
Offline

Activity: 4284
Merit: 7496



View Profile
July 31, 2026, 08:28:45 PM
 #2

Adding a passphrase would basically generate a new wallet for you.

The whole point of it is that if someone gain access to your seed, he won't find anything because the wallet that has the funds is seed + passphrase which only you know (preferably something you can memorise)

If you add a passphrase and continue to use the old generated wallet, it's as if you have not done anything. Here's a good article by trezor if you want to read more about it: https://trezor.io/guides/backups-recovery/advanced-wallets/what-is-a-passphrase?

Keystone already published an tweet about the incident:

https://x.com/i/status/2083142459274690743

But still, adding a passphrase is never a bad idea.

 
 b1exch.to 
  ETH      DAI   
  BTC      LTC   
  USDT     XMR    
.███████████▄▀▄▀
█████████▄█▄▀
███████████
███████▄█▀
█▀█
▄▄▀░░██▄▄
▄▀██▄▀█████▄
██▄▀░▄██████
███████░█████
█░████░█████████
█░█░█░████░█████
█░█░█░██░█████
▀▀▀▄█▄████▀▀▀
Antidote47k
Jr. Member
*
Offline

Activity: 56
Merit: 36


View Profile
July 31, 2026, 08:54:04 PM
 #3

Yes you can add a passphrase to an existing seed phrase but keep in mind that adding a passphrase generates a new wallet so this doesn’t automatically protect your coins which is in current wallet, you will need to activate the passphrase derived wallet and move your coin to the address generated by that wallet.

Also you have to make sure to test and backup your passphrase correctly before you proceed, evidently your seed phrase alone won’t be able to recover the wallet if the passphrase is lost or entered incorrectly.
Every different passphrase creates a different valid wallet, which is why it’s important to write it down accurately and verify your recovery procedure.
Sunshine1525
Full Member
***
Offline

Activity: 166
Merit: 102

Bitcoin shall soon shine... Say it faster, hahaha.


View Profile
July 31, 2026, 09:11:45 PM
 #4

Yes you can add a passphrase to an existing seed phrase but keep in mind that adding a passphrase generates a new wallet so this doesn’t automatically protect your coins which is in current wallet, you will need to activate the passphrase derived wallet and move your coin to the address generated by that wallet.

Also you have to make sure to test and backup your passphrase correctly before you proceed, evidently your seed phrase alone won’t be able to recover the wallet if the passphrase is lost or entered incorrectly.
Every different passphrase creates a different valid wallet, which is why it’s important to write it down accurately and verify your recovery procedure.

I was about saying, how about someone move their coins from the old wallet to a new one whereby a paraphrase was generated, until I read where you said it. If that's possible then it cool atleast there's an alternative for more security until coldcard figure out how to avoid such mess from happening again. Although lots of people would lose trust in coldcard and seek other alternatives for the security of their coins. 
ColdLava40
Full Member
***
Offline

Activity: 462
Merit: 158


Bitcoin


View Profile WWW
July 31, 2026, 10:14:07 PM
 #5

Yes you can add a passphrase to an existing seed phrase but keep in mind that adding a passphrase generates a new wallet so this doesn’t automatically protect your coins which is in current wallet, you will need to activate the passphrase derived wallet and move your coin to the address generated by that wallet.
With all these drama and cases of coldcard that has been a headline lately, I think hardware wallets might have been over hyped.

The vulnerability in hardware wallet posses minimal practical risk until it's discovered by hackers and explored. No where is 100% safe from having a flaw.

If I'm to make a choice I'll stick to the traditional paper and pen instead.

It has less flaw except you expose it to the internet or through the means which your keys were generated and that's why you use good and standard wallets they pose less risk.

iBaba
Sr. Member
****
Offline

Activity: 1204
Merit: 436


View Profile WWW
July 31, 2026, 10:18:37 PM
 #6

Is it possible to still use passphrase on a already generated seed phrase using a hardware wallet?
With the way things are going now nothing is certain anymore.

The person who is responsible for this coldcard hack have gotten themselves into trouble because I believe that those Bitcoin would end up been useless for the hacker and the owners, this will be a full 200% manhunting.

I'm just trying to be careful and my Keystone wallet is showing that I can add passphrase under settings but I'm not sure what to do, I just extra security later, anyone using Keystone?
One thing I would advise is not to enable a passphrase until you fully understand how it works, because a passphrase can significantly improve your wallets security but it also add another responsibility to it. So the passphrase doesn’t replace or change your existing seed phrase, it creates a completely separate wallet derived from the same seed.
What it means is that if you lose or forget the passphrase, your seed phrase alone won’t be enough to recover the funds stored in that wallet. If I were setting it up for the first time, I would test it with a small amount of bitcoin first and make sure I could successfully recover the wallet before transferring any significant amount. Extra security is good but only when you can manage it yourself.
PrivacyG
Legendary
*
Offline

Activity: 1596
Merit: 2905


Fight for Privacy.


View Profile
July 31, 2026, 11:12:18 PM
 #7

Ideally.  When a Seed is possibly vulnerable, it is best that you get rid of it and generate a brand new one, preferably manually instead of using a Software.  Manually as in, for example, using dice as an entropy source.  If you get rid of the current Seed by generating another one through Electrum, you run the same risk of possibly generating a Seed from a version that may have a similar bug in its code!

The other way around, although a LOT LESS SECURE considering the current situation of Coldcard, is generating a Pass phrase and using that one for the time being.  What this means is that even if an evil intended person gets access to your Seed, they will see zero balance and only your transaction history unless they also get to your Pass phrase.

But if you DO get a Pass phrase, make sure it is as secure as it can be!  Not '2026', not 'Bitcoin2026' and not even 'Bitcoin2026?LOL'.  Make that random, include multiple symbols, letters, numbers and as long as it can get.  The reason for this is not only security but that if you all of a sudden move all your Bitcoin out of the Seed to the Pass phrased Seed, if someone eventually gets access to your Seed they can correlate the sudden movement to the Coldcard exploit and include your Seed in a list of many others that may have been moved to a weak Pass phrase, eventually trying to 'brute force' them one by one.

 
 b1exch.to 
  ETH      DAI   
  BTC      LTC   
  USDT     XMR    
.███████████▄▀▄▀
█████████▄█▄▀
███████████
███████▄█▀
█▀█
▄▄▀░░██▄▄
▄▀██▄▀█████▄
██▄▀░▄██████
███████░█████
█░████░█████████
█░█░█░████░█████
█░█░█░██░█████
▀▀▀▄█▄████▀▀▀
Cleanshit
Full Member
***
Offline

Activity: 224
Merit: 107


✿♥‿♥✿


View Profile
July 31, 2026, 11:49:08 PM
 #8


One thing I would advise is not to enable a passphrase until you fully understand how it works, because a passphrase can significantly improve your wallets security but it also add another responsibility to it. So the passphrase doesn’t replace or change your existing seed phrase, it creates a completely separate wallet derived from the same seed.
What it means is that if you lose or forget the passphrase, your seed phrase alone won’t be enough to recover the funds stored in that wallet. If I were setting it up for the first time, I would test it with a small amount of bitcoin first and make sure I could successfully recover the wallet before transferring any significant amount. Extra security is good but only when you can manage it yourself.
Passphrase will only be useful for you only if understand how to use it and also recover it, adding more security shouldn’t be what one will focus on. We should forget that a forgotten passphrase can permanently lock you out of your own funds. The safest thing to do is to create the passphrase wallet try and send in little amount of Bitcoin to it then verify so one can recover using both seed phrase and also passphrase before you can now decide to move the remaining coins in. With this it gives the confidence that your backup is active

███████████    B I T L I S T        🔄 MIXERS     📈 EXCHANGES     🎰 CASINOS    ███████████
████████████████████     CATALOG CRYPTO WEBSITES #KYCFREE    ████████████████████
███████████    |   Bitcointalk Archive   |   Image Hosting   |  Currency Converter  |    ███████████
MusaMohamed
Sr. Member
****
Offline

Activity: 1582
Merit: 444



View Profile
Today at 02:16:45 AM
 #9

Is it possible to still use passphrase on a already generated seed phrase using a hardware wallet?
With the way things are going now nothing is certain anymore.
You can use a hardware wallet to create many wallets with different wallet seed phrases and with passphrases if you want.

It's important that with a same wallet seed phrase, if you add different passphrases, you will have many different wallets.

About passphrase
https://learnmeabitcoin.com/beginners/security/#passphrase

Quote
The person who is responsible for this coldcard hack have gotten themselves into trouble because I believe that those Bitcoin would end up been useless for the hacker and the owners, this will be a full 200% manhunting.

I'm just trying to be careful and my Keystone wallet is showing that I can add passphrase under settings but I'm not sure what to do, I just extra security later, anyone using Keystone?
I recommend to avoid importing wallet seed phrase created by one wallet software or hardware wallet brand/ model to another wallet software or hardware wallet brand or different model.

Like you gave an example of Coldcard, it's risky.
The better and safer practice is moving your bitcoin to a new wallet. So there will be no chance for any bitcoin loss because of your previous wallets by any technical exploitation on any (previous) wallet softwares/ models.

Example
I visit this site to find a page and information about passphrase and see this red alarm at the main page. It's excellent action from people behind this site.
https://learnmeabitcoin.com/
Quote
Note: Do not import the same ColdCard seed in to a new wallet; generate a new seed with a different wallet and send your coins there. Either use a different hardware wallet if you have one, or use a software wallet like Electrum. Sending to an exchange is also reasonable if that's your only option. Do not purchase and wait for a new hardware wallet to arrive.

You can sweep if you want.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!