Binance founder Changpeng Zhao commented on the Coldcard wallet attack after reposting the incident on X, saying that software will always have vulnerabilities and that the key issue is how the team behind it responds. Zhao added that Trust Wallet faced a similar problem years ago, when the use of a pseudo-random number generator rather than a truly random one led to losses of about $12 million, which the team ultimately covered for users. The remarks came as a suspected attack tied to Coldcard-generated addresses entered a third wave, with the attacker moving another 207.7294 BTC. Data cited in the report shows the total observed scale of Coldcard-related attacks has expanded to about 1,367.05 BTC across roughly 4,585 addresses, valued at around $88.6 million at current prices.
Binance founder Changpeng Zhao commented on the Coldcard wallet attack after reposting the incident on X, saying that software will always have vulnerabilities and that the real test is how the team behind it handles the problem.
Zhao also said Trust Wallet ran into a similar issue years ago. In that case, the wallet used a pseudo-random number generator instead of a truly random one, leading to losses of about $12 million. He said the team ultimately covered user losses.
Earlier, the suspected attack targeting Coldcard-generated addresses entered a third wave, with the attacker moving another 207.7294 BTC. According to the data cited, the total observed scale of Coldcard-related attacks has now reached about 1,367.05 BTC across around 4,585 addresses, worth roughly $88.6 million at current prices.
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