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Author Topic: Coinomi might also have an issue similar to Coldcard.  (Read 72 times)
I4BTC (OP)
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September 25, 2026, 10:56:19 PM
 #1

Hello. I hope you and your Bitcoin holdings are doing well. I came across this site a few years ago:
https://www.avoid-coinomi.com/

I have truly never felt such a sense of empathy before; it is heartbreaking. The whole Coldcard saga is terrible.

I try to keep up with the news via Google, but I’m asking just to be sure:
What is the latest news regarding the Coldcard hack? Has the company announced that they will cover the losses? Has the thief been caught?
I suspect the thief is either an insider at the company or someone opposed to Bitcoin.
What is your prediction? What will become of the Coldcard company and the thief?
All in all, damn that scumbag. Even though I didn't use Coldcard myself, I feel a profound sense of empathy.
BitMaxz
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September 25, 2026, 11:41:11 PM
 #2

Coinomi is known as a wallet that supports many coins and tokens since before.
But the problem is this is not a smart choice because there are many users already being hacked and stolen funds using this wallet. This kind of wallet must be avoid for now we can't trust any wallet the better choice is to use a wallet that is provided by the developer of the coin/token or old wallets that can be run offline/cold storage rather than using any hardware wallet because remember how the firmware or OTA updates infected us? We can't trust a hardware wallet that keeps having OTA updates that could lead to vulnerabilities.

If you only hold BTC, you can use Electrum as a cold storage wallet but if you are holding many coins and tokens, you don't have another choice but to use hardware wallet that supports multiple coins/token.

About the cold card case, no one knows if this is an inside job or not, but every cycle we always hear similar cases, even exchanges like Bitget, that look like inside jobs too to manipulate the BTC price.

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ABCbits
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September 26, 2026, 09:26:38 AM
 #3

What is the latest news regarding the Coldcard hack?

A "whitehat" take 52 Bitcoin from vulnerable address and claim the victim can fill some form to recover their Bitcoin[1].

Has the company announced that they will cover the losses?

No, i don't expect they'll ever do that. Besides it could make them bankrupt, how would they can tell apart between real loss claim and fake loss claim?

Has the thief been caught?

No, but it's worth to mention there's claim FBI may know one of the thief[2].

[1] https://www.coindesk.com/markets/2026/09/22/whitehats-move-52-bitcoin-from-the-coldcard-hack-to-a-recovery-trust
[2] https://bitcoinmagazine.com/technical/hunting-down-the-coldcard-hacker-wave-1-thief-may-be-known-to-fbi

NotATether
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September 26, 2026, 01:16:27 PM
 #4

Coldcard is not going anywhere (unfortunately).

The right thing for this company to do would be to shut down after such a catastrophic breach and loss of trust, but nvk seems to think he can somehow gain the community's trust back.

Anyway, I haven't heard about what is happening to Coinomi. Are people saying it has another entropy (weak seed phrases) bug?

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coinlary
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September 26, 2026, 08:43:07 PM
 #5

Coldcard is not going anywhere (unfortunately).
-snip-
but nvk seems to think he can somehow gain the community's trust back.

How though?

The only possible way I can think of is if they can find a means to pay back 90% if not 100% of the total victims of their hack, and I highly doubt they can even do any of it.

Even if they do, no one in their right senses who experienced such a loss and managed to get it back miraculously or heard of it, would think of continuing to hold on to Coldcard, and that's if they're still going to be interested in holding anything.

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Today at 04:40:41 AM
 #6

What is the latest news regarding the Coldcard hack? Has the company announced that they will cover the losses? Has the thief been caught?
You can follow it up with this thread in the forum because the community will keep you updated there.
Large-scale Coldcard compromise (1596 BTC stolen so far).

Coinomi is known as a wallet that supports many coins and tokens since before.
I never use a multi coin wallet to store my bitcoin in a same wallet. It's too risky.
If I use a multicoin wallet, I use it for storing altcoins, while with my bitcoins I store it in another wallet that is a Bitcoin-only wallet by design and program technically.

Coinomi wallet is also close source, it's another risk.
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=coinomi

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