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Author Topic: Coinomi might also have an issue similar to Coldcard.  (Read 522 times)
ryzaadit
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October 02, 2026, 08:16:56 AM
 #21

This is worrying, because basically the account responded with an article from 2024...
-snip
From what I understand, they just keep pushing with empty promises and dodging the issue, when I contacted them, they just promissed too.
they only promised a Coinomi V2, without giving many details...\
They use deflection answer tactics. I also sometimes do this at the time: the official team giving something or a promise in public without any estimate or fixed date. To make everyone focus on something else, and make the topics being asked have less attention. Once a company, organization, or project does this, just don't hope too much for the things you ask. Could be a long way until they deliver those!


It looks like a human response to me. I don't know how Reddit works nowadays, but I think they just labeled Coinomi accounts just because they are doing automated posts, but I think humans can also have control to respond to other people; Reddit just labels it as an AI bot.
Just checking. Seems you're right, not fully controlled by AI.
I checked the account, and in the comments section, the account is not just interacting in official subreddits but also other subreddits. They make comments in several subreddits (Cold Card, Monero, and other subreddits as well).

ABCbits
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October 02, 2026, 09:59:01 AM
Merited by vapourminer (1)
 #22

Man, what's going on with the devs behind this wallet? Why haven't they open-sourced it as promised? Is anyone pressing them about it? Users of this wallet should demand an explanation from the devs, that would be a good start...

Most user (who care about transparency) probably just switched to different wallet, rather than hoping Coinomi will change.

This is worrying, because basically the account responded with an article from 2024...

And in late 2026, their GitHub (https://github.com/Coinomi) have zero change probably since 2020.

dkbit98
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October 02, 2026, 10:22:45 PM
 #23

This is nothing surprising to hear for me about Coinomi  Tongue
I already warned that some software wallets have weak entropy, and it's only matter of time for some AI to find this.
Coinomi wallet is something I really disliked, but people still used it thinking this is a good multicoin wallet.
Few years ago there were people claiming they lost coins from Coinomi, so maybe this was true after all...

DaveF
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October 03, 2026, 09:41:47 PM
Merited by vapourminer (1)
 #24

This is nothing surprising to hear for me about Coinomi  Tongue
I already warned that some software wallets have weak entropy, and it's only matter of time for some AI to find this.
Coinomi wallet is something I really disliked, but people still used it thinking this is a good multicoin wallet.
Few years ago there were people claiming they lost coins from Coinomi, so maybe this was true after all...


The only reason I don't think it is, and it's not a great reason, is that there has not been more of it.
I know the absence of proof of something (weak entropy) is not proof that it does not exist.
BUT...Just about every time there has been a flaw found in a crypto wallet, library, app, and so on. It's been a lot more crypto stolen.
A few isolated cases here and there tends to point to user error.

Just my view. Not saying that keeping it closed source is good, just that it does not seem to be or have been vulnerable. Or if it is / was it's on a very limited very specific scale.

Think about it. If you lost crypto and were using an iPhone / iPad you would probably blame the wallet.
Never thinking it could be something like this.
https://www.bitdefender.com/en-us/blog/hotforsecurity/apple-patches-coregraphics-zero-day-sophisticated-iphone-attacks

-Dave

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bitmover
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November 11, 2026, 09:08:12 PM
 #25

This is nothing surprising to hear for me about Coinomi  Tongue
I already warned that some software wallets have weak entropy, and it's only matter of time for some AI to find this.
Coinomi wallet is something I really disliked, but people still used it thinking this is a good multicoin wallet.
Few years ago there were people claiming they lost coins from Coinomi, so maybe this was true after all...


The only reason I don't think it is, and it's not a great reason, is that there has not been more of it.
I know the absence of proof of something (weak entropy) is not proof that it does not exist.
BUT...Just about every time there has been a flaw found in a crypto wallet, library, app, and so on. It's been a lot more crypto stolen.
A few isolated cases here and there tends to point to user error.

Just my view. Not saying that keeping it closed source is good, just that it does not seem to be or have been vulnerable. Or if it is / was it's on a very limited very specific scale.

Think about it. If you lost crypto and were using an iPhone / iPad you would probably blame the wallet.
Never thinking it could be something like this.
https://www.bitdefender.com/en-us/blog/hotforsecurity/apple-patches-coregraphics-zero-day-sophisticated-iphone-attacks

-Dave

I think it is quite a shame that coinomi is not open source.

But coinomi doesn't have low entropy. This is just false.
Coinomi is live since 2013 and receiving updates. If they had low entropy wallets would had been drained already

Actually the link OP posted talks about a bug not in randomness or entropy , but in the seed words verification in a discontinued desktop version (which wasn't their main product, it was always mobile)

as far as I know just 1 user lost funds and it might not be the wallet fault  (someone who put life savings in a hot wallet certainly doesnt understand crypto well)


Being open source is no guarantee of good software. For example, this wallet is open source but they steal user funds (Charging an extra fee for developers in every transaction without informing it)

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Forsyth Jones
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November 11, 2026, 10:20:55 PM
 #26

I think it is quite a shame that coinomi is not open source.

But coinomi doesn't have low entropy. This is just false.
Coinomi is live since 2013 and receiving updates. If they had low entropy wallets would had been drained already

Actually the link OP posted talks about a bug not in randomness or entropy , but in the seed words verification in a discontinued desktop version (which wasn't their main product, it was always mobile)

as far as I know just 1 user lost funds and it might not be the wallet fault  (someone who put life savings in a hot wallet certainly doesnt understand crypto well)


Being open source is no guarantee of good software. For example, this wallet is open source but they steal user funds (Charging an extra fee for developers in every transaction without informing it)
Well, ever since I learned about BIP-85 and have an all-in-one backup through a master seed, I have never created seed phrases in software wallets again, whatever they may be. As for Coinomi, it's a good multi-coin wallet, but because it's closed source, I carry only small amounts of what I think I need or only when I want to use a specific coin. Currently, I'm using Coinomi only to check BTC balances and quotes quickly.

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November 13, 2026, 09:12:15 AM
 #27

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.
Coinomi is a closed source hot wallet. I use it, but only for small amounts. OP's link (with "news" from 2019) is from someone who put 17 Bitcoin in a hot wallet. That's just plain stupid bad practice.

I wouldn't be surprised if some vulnerability or hack was discovered on coinomi based on the past incidents. The wallet software being closed sourced makes us not to know what is even going on behind the scenes
I wouldn't blame this on being closed source. Nobody found the vulnerability in Coldcard's source in 5 years, so sharing the source doesn't guarantee it's safe either.

As for Coinomi, it is best to stay away from closed source applications.
Most people even use a closed source operating system on their computer Wink

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