SEED
Origin Agritech Limited
stock NASDAQ

You're not supposed to trust it you're supposed to verify it.
If you dont understand the product you bought you shouldn't use it.
Cold card had one RNG chip. This is a single point of failure for the kost important part of you funds, the SEED PHRASE.
There was no backup entropy generation, like multiple RNG chips that some wallets have.
But that was in theory okay, because cold card gaves you the option to roll dice for your seed phrase to totally side step their own chip so you DID NOT have to trust them.
They were known as the first hard ware wallet to implement this feature, if people bought the wallet and didnt know to take advantage of it, I'm sorry but that's kind of on them. You cannot just buy a device and spend a few hours researching, slap the dust off your knees and call it good if you want to be your own bank, you need to grind a little more time into researching what you're doing.

There’s a chance that SEED starts flying today after the earnings report it gave

Anyone looking at SEED?
Pros: solid news and huge volume
Cons: Chinese

Again, I entered the dice rolls in Ian Coleman's website to verify that my device is not spoofing the seed phrase. I didn't enter the dice rolls for MY ACTUAL SEED into Ian Coleman's website. Are you suggesting that my device knows which seed is the test, and which is my actual seed, or that the code is written in such a way to spoof every n seeds?

Use this moment as motivation to move your major holdings to SEED + Passphrase.
Add a passphrase, long enough for real protection if someone has your seed, and move your assets.

I just wanted to take the time to share:
After the COLDcard fiasco, the phishing scams are heating up! Per Trezor, They are seeing an increase in phishing scams and warn users to stay diligent.
NEVER SHARE YOUR SEED PHRASE WITH ANYONE!!
Always verify everything! Hardware wallet companies will never ask you for your seed phrase. Any website or email that asks for it is scamming you and you will lose your Bitcoin. DO NOT ENTER YOUR SEED PHRASE ANYWHERE ONLINE!!!
Take the time to review your security, and verify everything!
Stay diligent friends!

Key point is that you can have your Ledger (or any wallet) drained due to this IF you migrated a ColdCard generated wallet/seed to it.
GENERATE A NEW SEED

I have two Qs and I have not been drained as I have been highly paranoid from day 1.
I rolled 110 dice back then and used a PP with a ridiculous entropy.
Okay and now I see the chicken-FUD-guys running around and telling all the folks: move to trezor, move to ledger, move to bitbox....move to.....bitbox-my-ass!
I bought those two devices and they costed cash, now I shall burn cash again to trust another company?? The new gold standard?
You must be kidding me.....
No - installed that new firmware, I verified that +100 dice rolls are compiled to a seed correctly by that new firmware (you can do that!! verifying an RNG? No way!), I dumped the test seed, made another +100 dice rolls and compiled a fresh seed from the device and I used it to make a new wallet. And on top I put again a new passphrase with 30 characters that are random (upper/lower case, numbers, special caharcters) -> 196 bits
\-> brute force my ass now!
Nutshell: I cant recommend using that coldcard, but I could not recommend using anything else, or trusting any RNG in particular to be more precise. Or could you? Can you read code?
The new mantra these days will be: not your entropy - not your coins!
(IMPORTNAT: NEVER USE SEED WHICH YOU USED TO TEST DICE ROLLS COMPILING TO SEED-> ALWAYS MAKE FRESH ROLLS/SEED NOT SHARED TO ANYBODY/ONLINE!)