Can that wipe out bitcoin on cold storage?
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“Cold storage” just means your keys were never in contact with a system with access to the Internet afaik. Your Bitcoin is still on the blockchain, and the likelihood of the entire blockchain being wiped from millions of devices is slim.
Your electronic devices (signers, wallets, smartphones, computers) are at risk though, but that depends on so much.
My recommendation is to exercise caution: wrap your entire home in aluminum foil