A major security audit by the Bitcoin Red Team has uncovered 85 critical vulnerabilities across 390 open-source crypto projects. This comes after the Coldcard exploit that resulted in over $100 million in losses. The team, led by Calle and Rob Hamilton, submitted 4,962 findings using frontier AI models. These revelations could have far-reaching implications for the crypto ecosystem, particularly regarding trust in open-source security. Market participants should pay attention to how this news affects sentiment around Bitcoin and related projects, as security concerns may temporarily dampen enthusiasm. The findings underscore the importance of rigorous security audits in the crypto space.

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