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Firmware flaw in Coldcard Mk3 wallets led to $88.6M BTC theft via predictable seed attacks

Market News
01 Aug 2026
Crypto Briefing
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Bearish
pluang ai news

A firmware vulnerability in Coldcard Mk3 hardware wallets allowed attackers to predict wallet seeds and steal 1,367 BTC (about $88.6M) in three waves, with the largest theft occurring in just 41 minutes. The flaw, present in firmware versions 4.0.1 and later, caused weak random number generation, enabling offline enumeration of seeds and unauthorized fund sweeps without physical device access. Users with affected devices are urged to move funds to new wallets on unaffected hardware models to avoid loss. This incident highlights risks in hardware wallet security and the importance of firmware vigilance.

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Bitcoin theft from Coldcard wallets hits $89M as attacks continue exploiting key vulnerability.

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A third wave of attacks on Coldcard Bitcoin wallets has stolen an additional 208 BTC, raising total losses to 1,367 BTC (about $89 million). The attacks exploit a 2021 firmware flaw that used a predictable random number generator, allowing attackers ...

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