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Coldcard issues firmware update after seed phrase flaw, urges users to create new wallets and move Bitcoin.

Protocol Fundamentals
20 Aug 2026
Crypto news
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Bearish
Coldcard issues firmware update after seed phrase flaw, urges users to create new wallets and move Bitcoin.

Coldcard released firmware versions 5.6.1 and 1.5.1Q after a security review revealed a flaw in how some wallet seed phrases were generated, risking Bitcoin theft. Users with affected seeds must update their devices, create new wallets using added user randomness, and transfer their Bitcoin to secure new addresses. The update also improves transaction signing and device security. Coldcard warns that old seeds cannot be fixed by firmware updates and advises careful verification during migration.

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