coldcard

The Coldcard hack is a preview. When machines can read what humans couldn't (or just didn't), closed source stops being a category.

Could investors be moving their funds from cold storage to exchange-traded funds managed by the likes of BlackRock following the massive Coldcard exploit?

Triggered by the Coldcard RNG vulnerability that drained over $100 million, the Bitcoin Red Team led by Calle and Rob Hamilton has already filed 4,962 findings across 390 open-source projects using frontier AI models.

The Coldcard security failure has shaken Bitcoin's confidence in hardware wallets—but abandoning self-custody would mean abandoning the very reason Bitcoin exists. History suggests the lesson isn't to trust custodians again, but to build stronger, more resilient ways to hold our own keys.

Bitcoin worth close to $32 million moved for the first time in 12 years yesterday.

Bitcoin wallets continue to be drained in the ongoing hack.

Experts have since said that those holding Bitcoin on a Coldcard device should move funds now.

NVK stated that AI-assisted code review can now find latent bugs at a speed outpacing even the industry’s most seasoned experts, calling it a sober reality of the new AI paradigm.

IMPORTANT: Major security vulnerability discovered in Coldcard hardware wallets. For your own safety read disclosures and take necessary actions immediately.

Over $70 million in Bitcoin has been pinched. Coldcard has since urged its users to take precautions.