Coldcard Hardware Wallet Flaw Linked to $70 Million Bitcoin Theft in 41 Minutes

Overview

An attacker drained 1,196 Bitcoin addresses in 41 minutes on July 30, taking 1,082.65 BTC worth about $70.2 million at the time. Galaxy Research mapped the sweep and tied it to a firmware flaw in Coldcard, the Bitcoin-only hardware wallet made by Canadian firm Coinkite. A March 2021 firmware integration error routed seed generation to a deterministic software pseudorandom number generator (PRNG

Key Developments

This reflects an evolving cybersecurity situation.

Technical Details

Attackers may use automation and vulnerabilities.

Impact & Risks

Potential disruption and data exposure.

Conclusion

Organizations must stay vigilant.

Read more: https://thehackernews.com/2026/08/coldcard-hardware-wallet-flaw-linked-to.html