# 🚨 1,816 BTC Stolen: Coldcard Firmware Bug Raises Serious Questions About Bitcoin Security
The Bitcoin security conversation has taken an unexpected turn.
Approximately 1,816 BTC, worth around $116 million, was reportedly drained from more than 5,200 Bitcoin addresses following a serious vulnerability involving Coldcard hardware wallets.
The surprising part? This wasn't a typical phishing attack or exchange hack.
The issue reportedly originated from a firmware bug introduced in March 2021. Instead of properly using its dedicated hardware random number generator, affected devices relied on a weaker software-based process when generating wallet seeds.
This significantly reduced the security of affected wallets and potentially made their private keys predictable.
According to TRM Labs, the attacks began on July 30, 2026, and unfolded across multiple waves.
There is a bigger lesson here for the entire crypto industry:
A hardware wallet is only as secure as the technology and software behind it.
Cold storage, offline signing, and self-custody are important security concepts, but this incident highlights why independent audits, reliable randomness, and transparent firmware development matter.
Bitcoin's long-term credibility depends not only on blockchain security but also on the tools people use to protect their assets.
The real question now is whether this incident will push hardware wallet manufacturers toward stronger security standards.
#HuangExitNvidiaStrategyInFocus #ChipStocksExtendLossesAfterNvidiaCEOChange #AnthropicRejectsIPODelayValuationinQuestion @EthioCoinGiram1 @SpaceandTime
The Bitcoin security conversation has taken an unexpected turn.
Approximately 1,816 BTC, worth around $116 million, was reportedly drained from more than 5,200 Bitcoin addresses following a serious vulnerability involving Coldcard hardware wallets.
The surprising part? This wasn't a typical phishing attack or exchange hack.
The issue reportedly originated from a firmware bug introduced in March 2021. Instead of properly using its dedicated hardware random number generator, affected devices relied on a weaker software-based process when generating wallet seeds.
This significantly reduced the security of affected wallets and potentially made their private keys predictable.
According to TRM Labs, the attacks began on July 30, 2026, and unfolded across multiple waves.
There is a bigger lesson here for the entire crypto industry:
A hardware wallet is only as secure as the technology and software behind it.
Cold storage, offline signing, and self-custody are important security concepts, but this incident highlights why independent audits, reliable randomness, and transparent firmware development matter.
Bitcoin's long-term credibility depends not only on blockchain security but also on the tools people use to protect their assets.
The real question now is whether this incident will push hardware wallet manufacturers toward stronger security standards.
#HuangExitNvidiaStrategyInFocus #ChipStocksExtendLossesAfterNvidiaCEOChange #AnthropicRejectsIPODelayValuationinQuestion @EthioCoinGiram1 @SpaceandTime
