Source: CryptoSlate ↗
Coldcard crisis hits $130 million – proving ‘not your keys’ is meaningless if you trust a single device to generate them
What the source reports
Block's Bitcoin Engineering and Security team and independent Bitcoin Core developers have traced the recent batch of Coinkite Coldcard wallet losses to a specific firmware defect that exposed a hidden weakness in Bitcoin self-custody before any user touched a seed phrase. The bug diverted the device's random-number generation from its STM32 hardware source to MicroPython's […]The postColdcard cri...
Read the original report on CryptoSlate ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Bitcoin edges higher to $63.7k; Strategy discloses more sales
Bitcoin rises toward $64,000 as Coldcard exploit, Strategy sales recede. ADA advances
Bitcoin advanced as the market settled down following the weekend’s hack of Coldcard wallets and sales by Strategy even as sentiment remained in “extreme fear.”
Boltz’s shutdown shows the real danger of AI hacking is pushing crypto back into the hands of giant custodians
In an Aug. 3 post, Bitcoin bridge Boltz said automated, AI-assisted probing led to several contained exploits before the attack accelerated sharply. Boltz's non-custodial design kept every user's funds safe through months of attacks. Yet the Bitcoin swap service shut down anyway. Boltz said its team could no longer keep pace, so swaps will remain […]The postBoltz’s shutdown shows the real danger o...