negativeSYS.SOURCE: The Hacker News• 2026-08-01T22:47:22+05:30
Coldcard Hardware Wallet Vulnerability Exploited in $70 Million Bitcoin Heist
A firmware vulnerability in Coldcard hardware wallets allowed an attacker to steal $70 million in Bitcoin by exploiting a deterministic PRNG flaw. The flaw, stemming from a misconfigured RNG during seed generation, enabled offline seed reconstruction and address drainage across 1,196 wallets.
An attacker drained 1,196 Bitcoin addresses in 41 minutes on July 30, taking 1,082.65 BTC worth about $70.2 million at the time. Galaxy Research mapped the sweep and tied it to a firmware flaw in Coldcard, the Bitcoin-only hardware wallet made by Canadian firm Coinkite.
A March 2021 firmware integration error routed seed generation to a deterministic software pseudorandom number generator (PRNG
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