Socratic Seminar - Covering Coldcard & Liquid Hacks

Coldcard & Liquid Hacks — What Failed?

🟠 How weak seed randomness let attackers drain Coldcard wallets without ever touching the devices. 🟠 Why a firmware patch couldn’t protect seeds that had already been generated. 🟠 How a Liquid consensus bug created 4,000 unbacked L-BTC - and paid out real bitcoin for it. 🟠 Why federation signatures and automated peg-outs failed to stop an impossible transaction. 🟠 “White hats” or extortionists - and what both hacks reveal about trusting the systems built around Bitcoin.

Socratic Seminars feature a lead presenter sharing insights on Bitcoin: resources, news, history, emerging tech, live demos, and more. These sessions spark lively debate, idea exchange, and collaborative exploration among participants. Designed to be accessible and non-technical (unless specified otherwise), they create a welcoming space where beginners can learn alongside seasoned contributors.