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Coldcard wallet users urged to move funds immediately after major security breach.

Market News
02 Aug 2026, 16:55 WIB
UToday
View Source
Bearish
Coldcard wallet users urged to move funds immediately after major security breach.

A critical security vulnerability in Coldcard Bitcoin hardware wallets has been exposed, prompting a Dogecoin contributor to warn users to migrate their funds immediately. The flaw, stemming from a 2021 firmware release, allowed attackers to drain bitcoins from thousands of wallets by exploiting weak key generation. Galaxy Research identified over 4,500 affected addresses with stolen bitcoins worth about $88.6 million, mostly from long-term holders. Users are advised not to reuse old seed phrases and to create new ones on new wallets to protect their assets.

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