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Coinkite Inc.

A proposed class-action lawsuit has been filed against Coinkite Inc. alleging negligence and breach of contract after hackers stole over US$140-million worth of bitcoin from users.

Opening soonOntario onlyClaim deadline: Pending court decisionEstimated payout: Compensation pendingClaims not open yet

About this settlement

Alleged negligence and breach of contract by Coinkite Inc. leading to the theft of over US$140-million in bitcoin from users due to a critical vulnerability in Coldcard wallets.

A proposed class-action lawsuit has been filed in Ontario Superior Court against Toronto-based crypto wallet maker Coinkite Inc., its co-founders Rodolfo Novak and Peter Gray. The suit alleges that the company's negligence and a coding error in its Coldcard wallets allowed hackers to steal over US$140-million worth of bitcoin from users. Allegations include breach of contract, failure to warn about a critical vulnerability, and violation of Ontario's Consumer Protection Act. The plaintiff, Amir Naderi, lost approximately US$79,763.74 worth of bitcoin. The proposed class includes anyone who purchased specific models of Coldcard devices.

Who qualifies

  • Anyone who purchased an Mk2, Mk3, Mk4, Mk5, or Q model Coldcard device.
  • Exact eligibility will be confirmed once the claim process opens.

Compensation pending

Claim deadline: Pending court decision

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