Coldcard Investigates Phishing Attack on Official X Account
Bitcoin hardware wallet maker Coldcard is probing a phishing incident after a fraudulent post appeared on its official X account.
Bitcoin hardware wallet maker Coldcard is probing a phishing incident after a fraudulent post appeared on its official X account. Bitcoin (BTC) is trading at $83,485.00, up 0.2% since this brief published. This is an original TLT brief synthesising 3 outlets (The Coin Republic, Crypto Daily, Cointelegraph), plus live market data, as of Tue, 13 Oct 2026 05:15:02 UTC.
The incident raises concerns about the security of official social media accounts for crypto hardware wallet providers, which could undermine user trust in firmware updates and migration processes.
- Phishing post appeared on Coldcard's official X account on Oct 11, 2023.
- Fraudulent message claimed firmware contained seed-generation vulnerability.
- Coldcard advised users not to interact with the suspicious link.
- Total crypto market cap remains at $2.87T amid the incident.
Multiple outlets - The Coin Republic, Crypto Daily, and Cointelegraph - confirm that a phishing post was published on Coldcard's official X account on October 11th, 2023. The fraudulent message, which appeared around 02:00 UTC, directed users to a fake wallet-migration domain and claimed recent firmware contained a seed-generation vulnerability. While The Coin Republic and Crypto Daily both mention Coldcard's request for X to investigate the incident, Cointelegraph focuses on the company's warning for users to avoid the suspicious link. No outlet reports unauthorized logins or confirmed user losses at this time.
Bitcoin hardware wallet manufacturer Coldcard is investigating a security incident after a phishing post was published on its official X account on October 11th, 2023.
The fraudulent message, which appeared around 02:00 UTC, contained a link claiming that recent firmware updates had introduced a seed-generation vulnerability. This prompted Coldcard to advise users not to visit or interact with the suspicious link.
The Coin Republic and Crypto Daily both report that Coldcard has requested an investigation from X, while Cointelegraph emphasizes the company's warning for users to avoid the link. No outlets have reported unauthorized logins or confirmed user losses at this time.
This incident highlights the potential risks associated with social media account security for crypto hardware wallet providers. Such attacks could undermine user confidence in firmware updates and migration processes, which are critical components of wallet security.
As of the time of this report, the total crypto market cap remains at $2.87 trillion, with Bitcoin trading at $32,279, showing a 24-hour decline of 0.28% and a 7-day decrease of 2.68%. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 57.
Since this brief published about 15 hours ago, Bitcoin (BTC) has moved from $83,279.00 to $83,485.00 — +0.25%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦114.15M (about $83,485.00), down 0.8% over 24 hours. The naira itself trades about 2.7% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Coldcard Investigates Phishing Attack on Official X Account — questions & answers
What was the content of the phishing message?
The message claimed recent firmware contained a seed-generation vulnerability and directed users to a fake wallet-migration domain.
Has Coldcard confirmed any unauthorized logins or losses?
No, Coldcard has not reported any unauthorized logins or confirmed user losses at this time.
What action has Coldcard taken?
Coldcard has requested an investigation from X and advised users not to interact with the suspicious link.
How much is 1 Bitcoin worth in naira today?
About ₦114.15M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $83,485.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.25% since this brief first published — trading at $83,485.00 now versus $83,279.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Coin Republic, Crypto Daily, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.