World Model · podcast knowledge graph

The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow

2026-08-21 · 83 min · 20 entities

episode page audio

Asserted relationships

  • → hosted by Danny Knowles person
    0.55
    evidence rules-v5
    Feed author/publisher: Danny Knowles
  • → discusses Business company
    0.40
    evidence rules-v5
    Feed category: Business
  • → discusses Technology company
    0.40
    evidence rules-v5
    Feed category: Technology
  • → discusses Investing concept
    0.40
    evidence rules-v5
    Feed category: Investing
  • → references Cape company
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": CAPE https://cape.co/wbd
  • → references LEDN - website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": LEDN https://ledn.io/
  • → references SWAN website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": SWAN https://swan.com/wbd
  • → references ANCHORWATCH - website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": ANCHORWATCH https://anchorwatch.com/
  • → references BITKEY - website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": BITKEY https://bitkey.world/wbd
  • → references BLOCKWARE website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": BLOCKWARE https://mining.blockwaresolutions.com/wbd

Entities found in this episode

websites 10

  • mentioned LEDN - website
    0.45
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": LEDN https://ledn.io/
  • mentioned SWAN website
    0.45
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": SWAN https://swan.com/wbd
  • mentioned ANCHORWATCH - website
    0.45
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": ANCHORWATCH https://anchorwatch.com/
  • mentioned BITKEY - website
    0.45
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": BITKEY https://bitkey.world/wbd
  • mentioned BLOCKWARE website
    0.45
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": BLOCKWARE https://mining.blockwaresolutions.com/wbd
  • references LEDN - website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": LEDN https://ledn.io/
  • references SWAN website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": SWAN https://swan.com/wbd
  • references ANCHORWATCH - website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": ANCHORWATCH https://anchorwatch.com/
  • references BITKEY - website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": BITKEY https://bitkey.world/wbd
  • references BLOCKWARE website
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": BLOCKWARE https://mining.blockwaresolutions.com/wbd

companys 6

  • mentioned Business company
    0.50
    evidence rules-v5
    Feed category: Business
  • mentioned Technology company
    0.50
    evidence rules-v5
    Feed category: Technology
  • mentioned Cape company
    0.45
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": CAPE https://cape.co/wbd
  • discusses Business company
    0.40
    evidence rules-v5
    Feed category: Business
  • discusses Technology company
    0.40
    evidence rules-v5
    Feed category: Technology
  • references Cape company
    0.38
    evidence rules-v5
    Link in episode "The Coldcard Disaster: Everything You Need to Know | Lloyd Fournier & Nick Farrow": CAPE https://cape.co/wbd

persons 2

  • mentioned Danny Knowles person
    0.70
    evidence rules-v5
    Feed author/publisher: Danny Knowles
  • hosted by Danny Knowles person
    0.55
    evidence rules-v5
    Feed author/publisher: Danny Knowles

concepts 2

  • mentioned Investing concept
    0.50
    evidence rules-v5
    Feed category: Investing
  • discusses Investing concept
    0.40
    evidence rules-v5
    Feed category: Investing
Episode description as stored
<p>“They’re saving all their money in Bitcoin and they’re doing all the right things. They’re self-custodying it. And then overnight, it’s just gone.” </p> <p>Frostsnap’s Lloyd Fournier and Nick Farrow join me to break down the catastrophic Coldcard vulnerability that made supposedly secure Bitcoin keys guessable and allowed attackers to drain more than 1,700 BTC without ever touching the devices. </p> <p>We discuss how a five-year failure in Coldcard’s randomness generation went undetected, why every safeguard failed and the role AI played in discovering and exploiting the bug. Nick also explains how he reproduced the attack himself, what the on-chain evidence reveals about the attackers and why this has shaken trust in Bitcoin self-custody. </p> <p>We also get into whether hardware wallets are really trusted third parties, the limitations of dice rolls and air gaps, how Dark Skippy can leak a seed through a single transaction and why single-signature custody may need to change. </p> <p>Finally, Lloyd and Nick explain how Frostsnap uses distributed key generation and threshold signatures to remove single points of failure, simplify recovery and secure Bitcoin across multiple locations.</p> <p><strong>THANKS TO OUR SPONSORS:</strong></p> <p><a href="https://ledn.io/?utm_source=podcast&utm_medium=partnership&utm_campaign=2025_whatbitcoindid&utm_content=ad_read"><strong>LEDN</strong></a></p> <p><a href="https://www.swan.com/wbd"><strong>SWAN</strong></a></p> <p><a href="https://www.anchorwatch.com/"><strong>ANCHORWATCH</strong></a></p> <p><a href="https://mining.blockwaresolutions.com/wbd"><strong>BLOCKWARE</strong></a></p> <p><a href="https://bitkey.world/wbd"><strong>BITKEY</strong></a></p> <p><a href="https://www.cape.co/wbd"><strong>CAPE</strong></a></p> <p><strong>FOLLOW:</strong></p> <p>Danny Knowles: <a href="https://x.com/%5C%5C%5C_DannyKnowles">https://x.com/_DannyKnowles</a></p> <p>Lloyd Fournier: <a href="https://x.com/LLFOURN">https://x.com/LLFOURN</a></p> <p>Nick Farrow: <a href="https://x.com/utxoclub">https://x.com/utxoclub</a></p>