A long-standing bug in Coldcard code leads to $100 million in stolen funds
An undetected software bug in Coldcard hardware wallets has resulted in over $100 million in hacked funds after remaining hidden for years.
A major security breach has hit the cryptocurrency community as a critical bug embedded in Coldcard hardware wallets for years was finally exploited, leading to massive financial losses.
According to CoinDesk, the overlooked vulnerability in the device's code allowed malicious actors to compromise user wallets and drain approximately $100 million in digital assets over time.
Security analysts note that this incident serves as a stark reminder that even cold storage solutions are not entirely foolproof against deep-seated architectural and coding flaws.
For tech enthusiasts and crypto holders worldwide, this event underscores the vital importance of rigorous code audits, continuous security monitoring, and smart asset management.
Developers and security researchers are currently investigating the root cause of the bug to ensure stronger safeguards and prevent similar breaches in future hardware iterations.
