Coinkite said it will release a detailed technical post-mortem on the Coldcard firmware vulnerability once security conditions allow. The company said the bug has already led to more than $100 million in confirmed losses, with about 1,596 bitcoin stolen from 7,300 addresses. It also said it cannot independently verify a separate estimate of roughly $130 million because of Coldcard’s privacy-first design, and that it is focused on helping affected customers while posting updates on its blog. Coinkite also said industry-wide AI-assisted security audits have uncovered multiple critical vulnerabilities in crypto software systems, according to Bloomberg.
Coinkite Plans a Technical Post-Mortem on the Coldcard Firmware Vulnerability
Coinkite said it will publish a detailed technical post-mortem on the Coldcard firmware vulnerability once security conditions allow.
The hardware wallet maker said the bug has already resulted in more than $100 million in confirmed losses. About 1,596 bitcoin were stolen from 7,300 addresses.
Company Says It Cannot Independently Verify the Total-Loss Estimate
Coinkite said it cannot independently verify an estimated $130 million in total losses because Coldcard was designed with privacy as a priority.
The team said it is now focused on helping affected customers and will provide real-time updates through its blog.
AI-Assisted Audits Found Multiple Critical Bugs
The company also said industry-wide AI-assisted security audits have found multiple critical vulnerabilities in crypto software systems.
Bloomberg was cited for the information.
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