Bitcoin Wallets at Risk After Critical Coldcard Security Bugs Get Exposed
Block has disclosed two critical vulnerabilities affecting multiple generations of Coldcard hardware wallets.
Block has disclosed two critical vulnerabilities affecting multiple generations of Coldcard hardware wallets.

Coldcard warns Mk3 users to move funds as experts investigate a 594 BTC sweep worth about $38 million, with the cause still unconfirmed.

Coinkite issued a security advisory Thursday warning owners of its Coldcard Mk3 hardware wallet that funds tied to certain firmware versions may be at risk. Hardware wallet incidents rarely unfold as isolated events. When long-dormant addresses begin moving in a tightly coordinated pattern, the timing alone warrants scrutiny. That was the case on July 30, […]

Coinkite recommends that Mk3 users create a strong, unique BIP-39 passphrase on the device and move funds to the resulting wallet.

Coinkite urged Coldcard Mk3 users to migrate funds after identifying a potential seed-generation risk, as Bitcoin security experts separately examine an unexplained $38 million wallet drain.

The firmware flaw highlights the critical importance of robust RNGs in hardware wallets, emphasizing the need for vigilant security practices.

Bitcoin Magazine One Year Later: How Coldcard Q’s Key Teleport Delivers Secure Remote Key Management for Bitcoin Treasuries Bitcoin users facing travel or emergency scenarios benefit from Coldcard Q’s mature Key Teleport implementation, which outperforms traditional Tails-OS + PGP setups and resisted advanced AI decryption attempts. This post One Year Later: How Coldcard Q’s Key Teleport Delivers Secure Remote Key Management for Bitcoin Treasuries first appeared on Bitcoin Magazine and is written by Juan Galt .