Add as a preferred source on GoogleCoinkite, CEO and Technical Lead Named in Proposed Canadian Class Action
The proposed class includes buyers of five Coldcard models and the Q series.
Coinkite Inc. and two executives have been named in a proposed Ontario class action filed by Amir Reza Naderi, placing the maker of Bitcoin hardware wallets in a new legal dispute.
Naderi filed the civil case in the Ontario Superior Court in Toronto under docket number CV-26-00018158-0000. Coinkite CEO Rodolfo Novak and technical lead Peter D. Gray are also named as defendants. The proposed class would include consumers who bought Coldcard Mk2, Mk3, Mk4, Mk5 and Q-series devices.
Separately, firmware versions dating from 2021 through July 2026 had a random-number-generation flaw that weakened the randomness used to create recovery phrases, potentially making some phrases predictable to attackers. Recommended mitigations include making 50 or more independent dice rolls in private or using a unique, strong BIP-39 passphrase. A firmware update does not restore randomness to a phrase created while the flaw was active.
Earlier coverage detailed the firmware flaw and recommended mitigations.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.