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Coldcard manufacturer Coinkite faces class-action lawsuit in Canada over firmware random number vulnerability.

1 hours ago

Coldcard hardware wallet manufacturer Coinkite, along with its co-founders Rodolfo Novak and Peter D. Gray, is facing a class-action lawsuit in Ontario, Canada. The lawsuit alleges that Coldcard’s standard firmware, in use since around March 2021, has a fundamental flaw: it does not use a true random number generator (TRNG) and instead relies on a predictable software-based pseudo-random number generator (PRNG), which enables mnemonic phrase recovery and exposes users’ Bitcoin to unauthorized access. The suit seeks class certification, and claims Coinkite violated the Consumer Protection Act, Sale of Goods Act, negligence, and breach of contract, among other legal claims, and is demanding damages.

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Elon Musk publicly backed the merger of SpaceX and Tesla, prompting shareholders to question the fairness of the merger.

Elon Musk has previously publicly confirmed that SpaceX and Tesla are evaluating the possibility of a merger. A person directly familiar with the negotiations stated that Musk’s voluntary disclosure of the transaction progress and expression of support in front of investors may prompt shareholders to question the fairness of the deal, slow down the negotiation process, and even expose the transaction to extended legal scrutiny. Typically, during the period when independent directors assess a major transaction, relevant parties refrain from publicly stating their preferences, to avoid undermining the process’s fairness or raising external suspicions that the decision has been preordained. Market analysis notes that if SpaceX and Tesla ultimately merge, the deal could be valued at up to $3.5 trillion. Such a massive transaction involves not only corporate governance and shareholder rights, but may also draw reviews from global regulators. Tesla holds significant business operations in China, while SpaceX is involved in U.S. defense projects and the artificial intelligence sector. The two companies have distinct business attributes, regulatory environments, and national security-related factors, which may complicate merger approval.

10 minutes ago

Whale Accumulates $7.22M in Tokens: $LIT, $ENA, $ONDO, $AERO, $ETH, $QNT, $UNI, $TAO, $PEPE

A whale bought ~$7.22M worth of tokens over the past 24 hours, including: 378,129 $LIT ($1.4M) 6.61M $ENA ($1.34M) 3M $ONDO ($1.34M) 1.154M $AERO ($948K) 241.8 $ETH ($591K) 2,944 $QNT ($589K) 61,252 $UNI ($443K) 1,387 $TAO ($368K) 43.3B $PEPE ($195K)

10 minutes ago

Spot gold's intraday decline has widened to 1.5%, while spot silver's intraday decline has widened to 3.4%.

According to Bitget's market data, spot gold has fallen below $4,080 per ounce, with its daily decline widening to 1.50%; spot silver has dropped below $56 per ounce, with its daily decline expanding to 3.40%.

10 minutes ago

Salus CMO: CoinDCX allegedly suffered a theft of around 15.99 million USDT and some TRX.

Salus Chief Marketing Officer Darcy posted that at 23:35:54 on October 21, he detected that CoinDCX’s hot wallet and multiple deposit addresses transferred approximately 15.99 million USDT and 5,783.81 TRX to a TRON address. The largest single transaction amounted to 15.819002 million USDT. The address subsequently split the funds and made multiple outbound transfers, with the proceeds flowing to deposit addresses of crypto exchanges including Binance, OKX, and Gate.

10 minutes ago

South Korea's KOSPI index saw its intra-day decline widen to 4%, with SK Hynix falling more than 6%.

According to Bitget's market data, South Korea's KOSPI index has extended its intraday decline to 4%, currently at 5503.73 points. SK Hynix is down over 6%, while Samsung Electronics has fallen more than 4%.

10 minutes ago

A crypto whale bought approximately $7.22 million worth of tokens over the past 24 hours, involving assets including LIT, ENA, ONDO and others.

According to Lookonchain’s monitoring, a whale has accumulated multiple tokens worth approximately $7.22 million over the past 24 hours, including 378,129 LIT (≈$1.4 million), 6.61 million ENA (≈$1.34 million), 3 million ONDO (≈$1.34 million), 1.154 million AERO (≈$948,000), 241.8 ETH (≈$591,000), 2,944 QNT (≈$589,000), 61,252 UNI (≈$443,000), 1,387 TAO (≈$368,000), and 43.3 billion PEPE (≈$195,000).

10 minutes ago

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