Coldcard wallet hack tied to firmware flaw may have cost $116M in BTC

About $116 million worth of Bitcoin may have been stolen in a hack tied to a firmware security flaw in the Coldcard hardware wallet, according to crypto news account Solid Intel. NVK, CEO of Coldcard maker Coinkite, said a new AI model identified a vulnerability that had not been found in at least 15 prior security reviews. NVK added that a firmware update alone would not resolve the security risk affecting existing seed phrases, and affected users should generate new seed phrases.